Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/46516
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dc.contributor.authorZuber, Stéphaneen_US
dc.contributor.authorAsheim, Geir B.en_US
dc.date.accessioned2010-11-11en_US
dc.date.accessioned2011-06-29T11:20:33Z-
dc.date.available2011-06-29T11:20:33Z-
dc.date.issued2010en_US
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_US
dc.language.isoengen_US
dc.publisher|aCenter for Economic Studies and Ifo Institute (CESifo) |cMunichen_US
dc.relation.ispartofseries|aCESifo working paper: Public Choice |x3192en_US
dc.subject.jelD63en_US
dc.subject.jelH43en_US
dc.subject.jelQ56en_US
dc.subject.ddc330en_US
dc.subject.keywordintergenerational equityen_US
dc.subject.keywordsocial discountingen_US
dc.subject.keyworddiscounted utilitarianismen_US
dc.subject.keywordsustainabilityen_US
dc.subject.stwSoziale Diskontrateen_US
dc.subject.stwGenerationenbeziehungenen_US
dc.subject.stwUtilitarismusen_US
dc.subject.stwNachhaltige Entwicklungen_US
dc.subject.stwTheorieen_US
dc.titleJustifying social discounting: The rank-discounted utilitarian approachen_US
dc.typeWorking Paperen_US
dc.identifier.ppn639007074en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US

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