Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/105120
Authors: 
Gerlagh, Reyer
Year of Publication: 
2014
Series/Report no.: 
CESifo Working Paper 5092
Abstract: 
I define “generous sustainability” as a combination of two conditions: neither instantaneous maximin income nor attainable maximin income should decrease over time. I provide a formal definition and study applications to an AK economy, a Ramsey economy, and a Climate Economy. Generosity is shown to impose substantially stronger conditions on current actions compared to existing sustainability concepts. As a rule of thumb, generosity requires that GHG emissions are limited to levels that do not cause irreversible system damages if some group of people systematically value these systems.
Subjects: 
intertemporal choice and growth
intergenerational distribution
sustainable development.
JEL: 
D63
D90
Q01
Document Type: 
Working Paper

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