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Jonsson, Adam; Voorneveld, Mark - 2014 - Date: March 21, 2014

This paper presents an infinite-horizon version of intergenerational utilitarianism that is both satisfactorily … complete and consistent. By studying discounted utilitarianism as the discount factor tends to one, we obtain a welfare … criterion --- limit-discounted utilitarianism --- that combines efficiency and the equal treatment of generations with …

Persistent link: https://www.econbiz.de/10010258772

Utilitarianism for infinite utility streams: summable differences and finite averages

Jonsson, Adam; Voorneveld, Mark - 2014 - Date: March 21, 2014

This paper provides axiomatic descriptions of social welfare relations, defined on infinite streams of utility, that are consistent with the utilitarian criterion on subsets where maximizing aggregate utility has a clear interpretation: the streams, or their differences, are summable. Besides...

Persistent link: https://www.econbiz.de/10010258774

The limit of discounted utilitarianism

Jonsson, Adam; Voorneveld, Mark - In: Theoretical economics : TE ; an open access journal in … 13 (2018) 1, pp. 19-37

This paper presents an infinite-horizon version of intergenerational utilitarianism. By studying discounted … utilitarianism as the discount factor tends to one, we obtain a new welfare criterion: limit-discounted utilitarianism (LDU). We show …

Persistent link: https://www.econbiz.de/10011855845

The Limit of Discounted Utilitarianism

Jonsson, Adam - 2013

Persistent link: https://www.econbiz.de/10013078241

Can intergenerational equity be operationalized?

Zame, William R. - In: Theoretical economics : TE ; an open access journal in … 2 (2007) 2, pp. 187-202

A long Utilitarian tradition has the ideal of equal regard for all individuals, both those now living and those yet to be born. The literature formalizes this ideal as asking for a preference relation on the space of infinite utility streams that is complete, transitive, invariant to finite...

Persistent link: https://www.econbiz.de/10011702540

On the nature of suppes-sen choice functions in an aggregative growth model

Dubey, Ram Sewak; Mitra, Tapan - 2010

This paper investigates the nature of paths in the standard neoclassical aggregative model of economic growth that are maximal according to the Suppes-Sen grading principle. This is accomplished by relating such paths to paths which are utilitarian maximal when an increasing (but not necessarily...

Persistent link: https://www.econbiz.de/10008903053

On representation and weighted utilitarian representation of preference orders on finite streams

Mitra, Tapan; Ozbek, Mahmut Kemal - 2010

In this paper we re-examine the axiomatic basis of the key result on weighted utilitarian representation of preference orders on finite utility streams. We show that a preference order satisfying the axioms of Minimal Individual Symmetry, Invariance and Strong Pareto need not have a...

Persistent link: https://www.econbiz.de/10008649278

On the Nature of Suppes-Sen Choice Functions in an Aggregative Growth Model

Dubey, Ram Sewak; Mitra, Tapan - 2014

Persistent link: https://www.econbiz.de/10014170850

A utilitarian notion of responsibility for sustainability

Fünfgelt, Joachim; Baumgärtner, Stefan - 2012

We develop and formalize a utilitarian notion of responsibility for sustainability which is inspired by Singer's (1972) principle and the Brundtland Commission's notion ofsustainability (WCED 1987). We relate this notion of responsibility to established criteria forthe assessment of...

Persistent link: https://www.econbiz.de/10010281771

A utilitarian notion of responsibility for sustainability

Fünfgelt, Joachim; Baumgärtner, Stefan - 2012

; ethics ; natural resources ; Pareto efficiency ; responsibility ; Singer ; sustainability ; utilitarianism …

Persistent link: https://www.econbiz.de/10009511254