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EconStor >
ifo Institut – Leibniz-Institut für Wirtschaftsforschung an der Universität München >
CESifo Working Papers, CESifo Group Munich >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/46516
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Zuber, Stéphane | | en_US |
| dc.contributor.author | | Asheim, Geir B. | | en_US |
| dc.date.accessioned | | 2010-11-11 | | en_US |
| dc.date.accessioned | | 2011-06-29T11:20:33Z | | - |
| dc.date.available | | 2011-06-29T11:20:33Z | | - |
| dc.date.issued | | 2010 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/46516 | | - |
| dc.description.abstract | | The discounted utilitarian criterion for infinite horizon social choice has been criticized for treating generations unequally. We propose an extended rank-discounted utilitarian (ERDU) criterion instead. The criterion amounts to discounted utilitarianism on non-decreasing streams, but it treats all generations impartially: discounting becomes the mere expression of intergenerational inequality aversion. We show that more inequality averse ERDU societies have higher social discount rates when future generations are better-off. We apply the ERDU approach in two benchmark economic growth models and prove that it promotes sustainable policies that maximize discounted utilitarian welfare. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | CESifo München | | en_US |
| dc.relation.ispartofseries | | CESifo working paper: Public Choice 3192 | | en_US |
| dc.subject.jel | | D63 | | en_US |
| dc.subject.jel | | H43 | | en_US |
| dc.subject.jel | | Q56 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | intergenerational equity | | en_US |
| dc.subject.keyword | | social discounting | | en_US |
| dc.subject.keyword | | discounted utilitarianism | | en_US |
| dc.subject.keyword | | sustainability | | en_US |
| dc.subject.stw | | Soziale Diskontrate | | en_US |
| dc.subject.stw | | Generationenbeziehungen | | en_US |
| dc.subject.stw | | Utilitarismus | | en_US |
| dc.subject.stw | | Nachhaltige Entwicklung | | en_US |
| dc.subject.stw | | Theorie | | en_US |
| dc.title | | Justifying social discounting: The rank-discounted utilitarian approach | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 639007074 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | en_US |
| Appears in Collections: | | CESifo Working Papers, CESifo Group Munich
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