Mertens, Jean-François; Rubinchik, Anna - Center for Operations Research and Econometrics (CORE), … - 2008
under two different utilitarian welfare functions: classical and relative. It is only with relative utilitarianism that the … welfare functions: classical and relative. It is only with relative utilitarianism that the
discount rate is well-defined for …, social discount rate, utilitarianism, relative utilitarianism, welfarism.
JEL Classification: D31, D61, D63, E60, H43 …