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The limit of discounted utilitarianism
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
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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
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The limit of discounted utilitarianism
Jonsson, Adam; Voorneveld, Mark - 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 analytical …
Persistent link: https://www.econbiz.de/10011381244
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Utilitarianism for infinite utility streams: Summable differences and finite averages
Jonsson, Adam; Voorneveld, Mark - 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/10011381248
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Utilitarianism for infinite utility streams: summable differences and finite averages
Jonsson, Adam; Voorneveld, Mark - Economics Institute for Research (SIR), … - 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/10010762008
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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
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The limit of discounted utilitarianism
Jonsson, Adam; Voorneveld, Mark - In: Theoretical Economics 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/10012010018
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The Ethics of Distribution in a Warming Planet
Roemer, John E. - Cowles Foundation for Research in Economics, Yale University - 2009
ethically convincing justification, and that, only if one endorses utilitarianism as a good ethic. Recent work by Llavador …
Persistent link: https://www.econbiz.de/10005196040
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The Limit of Discounted Utilitarianism
Jonsson, Adam - 2013
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, a generalized criterion is …
Persistent link: https://www.econbiz.de/10013078241
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Allais-anonymity as an alternative to the discounted-sum criterion in the calculus of optimal growth I: Consensual optimality
Mabrouk, Mohamed - Volkswirtschaftliche Fakultät, … - 2006
The objective of this work is to try to define and calculate the optimal growth path, in the presence of exogenous technical change, without resorting to the discounted-sum criterion. The solution suggested is to consider an optimality criterion expressing an Allais-anonymous intergenerational...
Persistent link: https://www.econbiz.de/10005789826