A5026772486- Climate Change Policy and Economics
- Sustainable Development and Environmental Policy
- Economic theories and models
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- Game Theory and Voting Systems
- Game Theory and Applications
- Experimental Behavioral Economics Studies
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University of Oslo
2015-2024
Ifo Institute for Economic Research
2005-2024
Tufts University
2014
University of California, Santa Barbara
2014
Lancaster University
2014
University of East Anglia
1999
Norwegian School of Economics
1984-1996
NORCE Norwegian Research Centre
1992
The Paris Agreement can be strengthened by a treaty limiting global fossil fuel supply
The Repugnant Conclusion is an implication of some approaches to population ethics. It states, in Derek Parfit's original formulation, For any possible at least ten billion people, all with a very high quality life, there must be much larger imaginable whose existence, if other things are equal, would better, even though its members have lives that barely worth living. (Parfit 1984: 388)
Axiomatic analysis of intergenerational social preferences over infinite streams well-being faces the following dilemma. Equal treatment generations combined with sensitivity for interests each generation rules out explicitly defined that can rank any pair streams. Hence, either must be incomplete or equal and compromised. This critical review axiomatic analyses evaluates different kinds by comparing their basis as well performance in simple present-future conflicts. The scope application is...
The present paper gives an overview of the theory green national accounting. Three purposes accounting (measurement welfare equivalent income, sustainable or net social profit) and two measures (Green NNP wealth income) are considered. Under assumption no exogenous technological progress, Green is shown to equal income if there a constant interest rate consumption constant. It established as general result that [les ] while under progress utility discount rate. measure gross profit rather...
Weitzman provides a foundation for NNP as the stationary equivalent of wealth‐maximizing path when there is constant interest rate and no exogenous technological progress. Here, implications Weitzman's are explored in case encountered resource models, i.e., non‐constant rates. In setting that allows progress, an expression obtained adjusts Green anticipated capital gains effects to produce measure indicates sustainability. This result important measuring relative sustainability rich poor countries.
What ethical criterion for intergenerational justice should be adopted, e.g., when faced with the task of managing global environment? Koopmans' axiomatization discounted utilitarianism is based on seemingly compelling conditions, yet this leads to hard-to-justify outcomes. The present analysis considers a class sustainable recursive social welfare functions within general framework. This axiomatized by means weak equity condition ("Hammond Equity Future") and existence established. Any...
We contribute to population ethics by proposing and axiomatizing rankdiscounted critical-level generalized utilitarianism (RDCLU).Population is needed for evaluation of policies, e.g., concerning climate change, where size depends on the chosen policy.We show that (a version of) leximin are limits RDCLU extreme values rank utility discount factor.Moreover, we establish how avoids serious objections raised against other variable criteria.In particular, it escapes both Repugnant Conclusion...
Discounted utilitarianism treats generations unequally and leads to seemingly unappealing consequences in some models of economic growth. Instead, this paper presents applies sustainable discounted (SDU). SDU respects the interests future resolves intergenerational conflicts by imposing on that evaluation be insensitive present generation if is better off than future. An social welfare function always exists. We provide a convenient sufficient condition identify optima apply two well-known...