Llavador, Humberto; Roemer, John E.; Silvestre, Joaquim - Department of Economics and Business, Universitat … - 2009
Ethical Observer (EO) who maximizes intertemporal welfare under this uncertainty, with expected-utility preferences. Various … social welfare criteria entail alternative von Neumann- Morgenstern utility functions for the EO: utilitarian, Rawlsian, and …