Intergenerational Equity, Efficiency and Constructability
نویسندگان
چکیده
منابع مشابه
Intergenerational Equity
Axiomatic analysis of intergenerational social preferences over infinite streams of well-being faces the following dilemma. Equal treatment of generations combined with sensitivity for the interests of each generation rules out explicitly defined preferences that can rank any pair of infinite well-being streams. Hence, either intergenerational social preferences must be incomplete or equal trea...
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Economists have confined the concept of ‘sustainability’ to intertemporal distributional equity. We propose a broader definition, combining dynamic efficiency and intergenerational equity, and relate it to two concepts from neoclassical economics: potential Pareto-improvements and inter-personal compensation. 2003 Elsevier Science B.V. All rights reserved.
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A long Utilitarian tradition has the ideal of equal regard for all individuals, both those now living and those yet to be born. The literature formalizes this ideal as asking for a preference relation on the space of infinite utility streams that is complete, transitive, invariant to finite permutations, and respects the Pareto ordering; an ethical preference relation, for short. This paper arg...
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In an important contribution to the problem of aggregating infinite utility streams, Svensson (1980) shows the existence of a social welfare relation—a reflexive, transitive and complete binary relation over all possible infinite utility streams—that accommodates the axioms of Pareto and intergenerational equity. This possibility result is in sharp contrast with the seminal contribution by Diam...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2010
ISSN: 1556-5068
DOI: 10.2139/ssrn.1657886