Can preferences for catastrophe avoidance reconcile social discounting with intergenerational equity?
نویسندگان
چکیده
A social welfare function treating all generations equally is derived from a set of axioms that, contrary to the Utilitarian approach, allows for preferences for Catastrophe Avoidance. Implications for the case where there is a risk of world extinction are studied. We show that substantial time discounting can arise from the planner’s taste for Catastrophe Avoidance, even if the probability of the world ending is infinitesimally small.
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ورودعنوان ژورنال:
- Social Choice and Welfare
دوره 31 شماره
صفحات -
تاریخ انتشار 2008