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dc.contributor.authorBaumgärtner, Stefanen_US
dc.contributor.authorGlotzbach, Stefanieen_US
dc.contributor.authorHoberg, Nikolaien_US
dc.contributor.authorQuaas, Martin F.en_US
dc.contributor.authorStump, Klaraen_US
dc.description.abstractWe argue that economics - as the scientific method of analyzing trade-offs - can be helpful (and may even be indispensable) for assessing the trade-off between intergenerational and intragenerational justice. Economic analysis can delineate the opportunity set of politics with respect to the two normative objectives of inter- and intragenerational justice, i.e. it can describe which outcomes are feasible in achieving the two objectives in a given context, and which are not. It can distinguish efficient from inefficient uses of instruments of justice. It can identify the opportunity cost of attaining one justice to a higher degree, in terms of less achievement of the other. We find that, under very general conditions, (1) efficiency in the use of instruments of justice implies that there is rivalry between the two justices and the opportunity cost of either justice is positive; (2) negative opportunity costs of achieving one justice exist if there is facilitation between the two justices, which can only happen if instruments of justice are used inefficiently; (3) in outcomes of inefficient uses of instruments of justice in the interior of the opportunity set, the two justices are independent of each other and the opportunity cost of either justice is zero.en_US
dc.publisherUniv., Inst. für Volkswirtschaftslehre Lüneburgen_US
dc.relation.ispartofseriesUniversity of Lüneburg Working Paper Series in Economics 218en_US
dc.subject.keywordintragenerational and intergenerational justiceen_US
dc.subject.keywordnormative objectivesen_US
dc.subject.keywordopportunity seten_US
dc.subject.keywordopportunity costen_US
dc.subject.keywordscarce resourcesen_US
dc.subject.stwSoziale Gerechtigkeiten_US
dc.titleTrade-offs between justices, economics, and efficiencyen_US
dc.typeWorking Paperen_US
Appears in Collections:Working Paper Series in Economics, Leuphana Universität Lüneburg

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