EconStor >
Leuphana Universität Lüneburg >
Institut für Volkswirtschaftslehre, Leuphana Universität Lüneburg >
Working Paper Series in Economics, Leuphana Universität Lüneburg  >

Please use this identifier to cite or link to this item:
Title:A utilitarian notion of responsibility for sustainability PDF Logo
Authors:Fünfgelt, Joachim
Baumgärtner, Stefan
Issue Date:2012
Series/Report no.:University of Lüneburg Working Paper Series in Economics 234
Abstract: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 intertemporal societal choice, namely Pareto-efficiency, (discounted) utilitarian welfare maximization, and Brundtland-sustainability. Using a two-generationsresource-model, we find the following. Sustainability and responsibility for sustainability are equivalent if and only if sustainability is feasible. If it is not, there still exists a responsible allocation which is also Pareto-efficient. Further, the utilitarian welfare maximum without discounting always fulfills the criterion of responsibility. Discounting may be responsible to a certain extent if sustainability is feasible. If sustainability is not feasible, discounting is not responsible.
Subjects:basic needs
natural resources
Pareto efficiency
Document Type:Working Paper
Appears in Collections:Working Paper Series in Economics, Leuphana Universität Lüneburg

Files in This Item:
File Description SizeFormat
688845541.pdf508.01 kBAdobe PDF
No. of Downloads: Counter Stats
Download bibliographical data as: BibTeX
Share on:

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.