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dc.contributor.authorZuber, Stéphaneen
dc.contributor.authorAsheim, Geir B.en
dc.date.accessioned2010-11-11-
dc.date.accessioned2011-06-29T11:20:33Z-
dc.date.available2011-06-29T11:20:33Z-
dc.date.issued2010-
dc.identifier.urihttp://hdl.handle.net/10419/46516-
dc.description.abstractThe 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
dc.language.isoengen
dc.publisher|aCenter for Economic Studies and ifo Institute (CESifo) |cMunichen
dc.relation.ispartofseries|aCESifo Working Paper |x3192en
dc.subject.jelD63en
dc.subject.jelH43en
dc.subject.jelQ56en
dc.subject.ddc330en
dc.subject.keywordintergenerational equityen
dc.subject.keywordsocial discountingen
dc.subject.keyworddiscounted utilitarianismen
dc.subject.keywordsustainabilityen
dc.subject.stwSoziale Diskontrateen
dc.subject.stwGenerationenbeziehungenen
dc.subject.stwUtilitarismusen
dc.subject.stwNachhaltige Entwicklungen
dc.subject.stwTheorieen
dc.titleJustifying social discounting: The rank-discounted utilitarian approach-
dc.typeWorking Paperen
dc.identifier.ppn639007074en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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