Showing 1 - 4 of 4
Harsanyi (1955) proved that, in the context of uncertainty, social rationality and the Pareto principle impose severe constraints on the degree of priority for the worst-off that can be adopted in the social evaluation. Since then, the literature has hesitated between an ex ante approach that...
Persistent link: https://www.econbiz.de/10011191143
Discounted utilitarianism treats generations unequally and leads to seemingly unappealing consequences in some models of economic growth. Instead, this paper presents and applies sustainable discounted utilitarianism (SDU). SDU respects the interests of future generations and resolves...
Persistent link: https://www.econbiz.de/10008551447
Persistent link: https://www.econbiz.de/10005175416
Persistent link: https://www.econbiz.de/10005364792