Sustainability and discounted utilitarianism in models of economic growth
نویسندگان
چکیده
منابع مشابه
Probability adjusted rank-discounted utilitarianism∗
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We contribute to population ethics by proposing and axiomatizing rankdiscounted critical-level generalized utilitarianism (RDCLU). Population ethics is needed for evaluation of policies, e.g., concerning climate change, where population size depends on the chosen policy. We show that critical-level generalized utilitarianism and (a version of) critical-level leximin are the limits of RDCLU for ...
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The cornerstone of one-sector optimal economic growth models is the existence and stability of a steady-state solution for optimal consumption policies. The optimal consumption policy is the stable branch of the saddle point solution of the system of differential equations governing the dynamics of the economy. Examples of this type of behavior can be found in Cass [2] and Koopmans [4]. However...
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ژورنال
عنوان ژورنال: Mathematical Social Sciences
سال: 2010
ISSN: 0165-4896
DOI: 10.1016/j.mathsocsci.2009.08.003