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Jonsson, Adam; Voorneveld, Mark - In: Theoretical economics : TE ; an open access journal in … 13 (2018) 1, pp. 19-37

This paper presents an infinite-horizon version of intergenerational utilitarianism. By studying discounted utilitarianism as the discount factor tends to one, we obtain a new welfare criterion: limit-discounted utilitarianism (LDU). We show that LDU meets the standard assumptions of efficiency,...

Persistent link: https://www.econbiz.de/10011855845

Discounting Dollars, Discounting Lives : Intergenerational Distributive Justice and Efficiency

Kaplow, Louis - 2010

The view that intergenerational distributive justice and efficiency should be treated separately is familiar, yet controversial. This article elaborates the often-implicit justifications for separate treatment and provides a more express statement of how and when such treatment is appropriate....

Persistent link: https://www.econbiz.de/10012760791

The limit of discounted utilitarianism

Jonsson, Adam; Voorneveld, Mark - 2014 - Date: March 21, 2014

This paper presents an infinite-horizon version of intergenerational utilitarianism that is both satisfactorily complete and consistent. By studying discounted utilitarianism as the discount factor tends to one, we obtain a welfare criterion --- limit-discounted utilitarianism --- that combines...

Persistent link: https://www.econbiz.de/10010258772

Utilitarianism for infinite utility streams: summable differences and finite averages

Jonsson, Adam; Voorneveld, Mark - 2014 - Date: March 21, 2014

This paper provides axiomatic descriptions of social welfare relations, defined on infinite streams of utility, that are consistent with the utilitarian criterion on subsets where maximizing aggregate utility has a clear interpretation: the streams, or their differences, are summable. Besides...

Persistent link: https://www.econbiz.de/10010258774

Generous sustainability

Gerlagh, Reyer - 2014 - This draft: 14 November, 2014

I define "generous sustainability" as a combination of two conditions: neither instantaneous maximin income nor attainable maximin income should decrease over time. I provide a formal definition and study applications to an AK economy, a Ramsey economy, and a Climate Economy. Generosity is shown...

Persistent link: https://www.econbiz.de/10010438470

Contractarian approaches to intergenerational justice : paper presented at the Tinbergen Institute, Amsterdam, June 1996 and at the annual meeting of the European Public Choice Soc...

Weikard, Hans-Peter - 2006

In modern political philosophy social contract theory is the most prominent approach to individual rights and fair … institutions. According to social contract theory the system of rights in a society ought to be justified by reconstructing its … contract theory can successfully be applied to justify rights of future generations. Three competing views are analysed: Rawls …

Persistent link: https://www.econbiz.de/10003399459

Intergenerational Justice and Sustainability Under the Leximin Ethic

Roemer, John E. - 2014

We model an intergenerational society, with a representative agent at each date, who must deplete a renewable resource, from which he derives utility, to produce consumption goods. We adopt the intergenerational lexicographic minimum as the social welfare function. Initially, technological...

Persistent link: https://www.econbiz.de/10014065003

Trading off generations : infinitely-lived agent versus OLG

Schneider, Maik T.; Traeger, Christian; Winkler, Ralph - 2010 - This version: March 2010

The prevailing literature discusses intergenerational trade-offs predominantly in infinitely-lived agent models despite the finite lifetime of individuals. We discuss these trade-offs in a continuous time OLG framework and relate the results to the infinitely-lived agent setting. We identify...

Persistent link: https://www.econbiz.de/10008746466

The trade-off between intra- and intergenerational equity in climate policy

Kverndokk, Snorre; Nævdal, Eric; Nøstbakken, Linda - 2013

This paper focuses on two equity dimensions of climate policy, intra- and intergenerational equity, and analyzes the implications of equity preferences on climate policy, and on the production and consumption patterns in rich and poor countries. We develop a dynamic two-region model, in which...

Persistent link: https://www.econbiz.de/10009754514

Evaluating climate policies by the Pareto principle : efficiency when future identities are unobservable

Asheim, Geir B.; Kamaga, Kohei; Zuber, Stéphane - 2022

Climate change is an externality since those who emit greenhouse gases do not pay the long-term negative consequences of their emissions. In view of the resulting inefficiency, it has been claimed that climate policies can be evaluated by the Pareto principle. However, climate policies lead to...

Persistent link: https://www.econbiz.de/10012817856

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