Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/63057
Authors: 
Asheim, Geir B.
Year of Publication: 
2005
Series/Report no.: 
Memorandum, Department of Economics, University of Oslo 2005,25
Abstract: 
To provide a normative foundation for transfers between different societies, one needs information on the “per capita welfare” in different societies, having different population sizes and environmental characteristics. This paper reviews various methods for doing such comparisons. The main conclusion of the analysis is that there appears to be no practical alternative to applying real comprehensive per capita NNP. This is a per capita variant of Weitzman’s stationary welfare equivalent of future utility. Welfare comparisons between different societies must be made in local real prices calculated according to “purchasing-power-parity”, where non-traded environmental amenities may play an important role.
Subjects: 
National accounting
Population
Dynamic welfare
JEL: 
D60
D90
O47
Document Type: 
Working Paper

Files in This Item:
File
Size
268.05 kB





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