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this sense, the concept of sustainability is a very powerful idea. However, although the sustainability debate has already … neglected. This article argues that in addition to the ecological, economic, and social dimension, sustainability critically … objective of this paper is to present a theoretical link between the concepts of sustainability and corporate citizenship. The …
Persistent link: https://www.econbiz.de/10014050097
We investigate the fundamental determinants of sustainability in general equilibrium. We adopt a definition of … sustainability that requires that the welfare of future generations is not expected to decrease on average. We then use a stochastic … equilibrium, sustainability boils down to supply-side factors, with increased growth, decreased consumption risk, and greater …
Persistent link: https://www.econbiz.de/10014255987
. Viability theory is based on sustainability constraints to be satisfied over time, focusing on feasibility. We make a bridge …
Persistent link: https://www.econbiz.de/10008547445
Discounted utilitarianism treats generations unequally and leads to seemingly unappealing consequences in some models of economic growth. Instead, this paper presents and applies sustainable discounted utilitarianism (SDU). SDU respects the interests of future generations and resolves...
Persistent link: https://www.econbiz.de/10005181313
Koopmans’s (Econometrica 28, 287–309) axiomatization of discounted utilitarianism is based on seemingly compelling conditions, yet this criterion leads to hard-to-justify outcomes. The present analysis considers a class of sustainable recursive social welfare functions within Koopmans’s...
Persistent link: https://www.econbiz.de/10005652215
This paper takes sustainability to be a matter of intergenerational welfare equality and examines whether an optimal … practical, especially in the context of developing countries. The maximin criterion of sustainability may be more appealing to …
Persistent link: https://www.econbiz.de/10005230804
When evaluating long-term policies, economists usually suggest to maximize the sum of discounted utilities. On the one hand, discounted utilitarianism was given a solid axiomatic foundation by Koopmans (Econometrica 1960). On the other hand, this criterion has questionable implications when...
Persistent link: https://www.econbiz.de/10005427533
sustainability of agriculture and the concept of corporate social responsibility (CSR). The latter provides a theoretical link … between the views on agriculture’s multifunctionality and sustainability, and between their welfare economic and capital … complement those of multifunctionality and sustainability in order to contribute to a more enlightened debate on agricultural and …
Persistent link: https://www.econbiz.de/10011240655
Composite indicators play an essential role for benchmarking higher education institutions. One of the main sources of uncertainty building composite indicators and, undoubtedly, the most debated problem in building composite indicators is the weighting schemes (assigning weights to the simple...
Persistent link: https://www.econbiz.de/10009195323
Proposed alternatives to GDP as a measure of social welfare or human progress are briefly evaluated. Four main categories are considered, namely ISEW and GPI based on corrections of GDP, sustainable or green(ed) GDP, genuine savings/investments and composite indexes. All these alternatives turn...
Persistent link: https://www.econbiz.de/10011411029