Asheim, Geir B. and Buchholz, Wolfgang (2003) The malleability of undiscounted utilitarianism as a criterion of intergenerational justice. ECONOMICA, 70 (279). pp. 405-422. ISSN 0013-0427
Full text not available from this repository.Abstract
Discounting future utilities is often justified by the ethically motivated objective of protecting earlier generations from the excessive saving that seems to be implied by undiscounted utilitarianism in productive economies. We question this justification of discounting by showing that undiscounted utilitarianism has sufficient malleability within important classes of technologies: any efficient and non-decreasing allocation can be the unique optimum according to an undiscounted utilitarian criterion for some choice of utility function.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | EXHAUSTIBLE RESOURCES; OPTIMAL-GROWTH; INEQUALITY AVERSION; EQUITY; UTILITY; SUSTAINABILITY; DEPLETION; |
| Subjects: | 300 Social sciences > 330 Economics |
| Divisions: | Business, Economics and Information Systems > Institut für Volkswirtschaftslehre und Ökonometrie > Entpflichtete oder im Ruhestand befindliche Professoren > Lehrstuhl für Finanzwissenschaft, insbesondere Umweltökonomie (Prof. Dr. Wolfgang Buchholz) |
| Depositing User: | Dr. Gernot Deinzer |
| Date Deposited: | 04 Aug 2021 12:45 |
| Last Modified: | 04 Aug 2021 12:45 |
| URI: | https://pred.uni-regensburg.de/id/eprint/38751 |
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