Social discount rate: spaces for agreement
نویسندگان
چکیده
Abstract We study the problem of aggregating discounted utility preferences into a social preference model. use an axiom capturing responsibility individuals’ attitudes to time, called consensus Pareto. show that this can provide consistent foundations for welfare judgments. Moreover, in conjunction with standard axioms anonymity and continuity, Pareto help adjudicate some fundamental issues related choice discount rate: society selects rate through generalized median voter scheme.
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ژورنال
عنوان ژورنال: Economic Theory Bulletin
سال: 2021
ISSN: ['2196-1085', '2196-1093']
DOI: https://doi.org/10.1007/s40505-021-00209-9