Sustainable Recursive Social Welfare Functions

Asheim, Geir B.; Mitra, Tapan; Tungodden, Bertil

doi:10.1007/978-3-319-31943-8_9

Cited by 15 publications

(11 citation statements)

References 49 publications

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“…Dutta and Radner (2011) and Lecocq and Hourcade (2011) discuss further roadblocks in the way of efficient international climate policy in a multi-region framework. The remaining contributions (Asheim, Mitra, and Tungodden, 2011;Chichilnisky, 2011;Figuieres and Tiball, 2011;Lauwers, 2011) group around the ethical foundations of criteria for sustainability and their application to economics.…”

Section: Introductionmentioning

confidence: 99%

Global Warming and Economic Externalities

Rezai¹,

Foley²,

Taylor³

2016

The Economics of the Global Environment

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Despite worldwide policy efforts such as the Kyoto Protocol, the emission of greenhouse gases (GHG) remains a negative externality. Economic equilibrium paths in the presence of such an uncorrected externality are inefficient; as a consequence there is no real economic opportunity cost to correcting this externality by mitigating global warming. Mitigation investment using resources diverted from conventional investments can raise the economic well-being of both current and future generations. The economic literature on GHG emissions misleadingly focuses attention on the intergenerational equity aspects of mitigation by using a hybrid constrained optimal path as the "business-as-usual" benchmark. We calibrate a simple Keynes-Ramsey growth model to illustrate the significant potential Pareto-improvement from mitigation investment, and to explain the equilibrium concept appropriate to modeling an uncorrected negative externality.

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Section: Introductionmentioning

confidence: 99%

Global Warming and Economic Externalities

Rezai¹,

Foley²,

Taylor³

2016

The Economics of the Global Environment

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“…In addition to the axioms listed under point (1), the RDU SWO satisfies also axioms NDP and HEF, thereby satisfying the requirements suggested by Chichinisky (1996) and Asheim et al (2012) to take into account the interests of future generations.…”

mentioning

confidence: 76%

“…[FIGURE 3 ABOUT HERE] One possibility, suggested by Asheim et al (2012) and illustrated in Figure 3, is to introduce a Hammond equity for the future (HEF) axiom, which requires that (x 1 , x, x, …) is deemed as good as (y 1 , y, y, …) if y 1  x 1  x  y. For streams in which well-being is constant from the second period on, axiom HEF captures the idea of giving priority to the infinite number of future generations in the choice between alternatives in which the future is worse off than the present.…”

Section: Propositionmentioning

confidence: 99%

Equitable intergenerational preferences and sustainability

Asheim¹

2014

Handbook of Sustainable Development

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“…This simplification is useful for focusing on the conflict of interest between generations. Further, the evaluation relations established in this framework can be applied to economic growth models to examine intergenerational sustainability of an optimal growth path (e.g., Asheim 1991;Asheim et al 2001;Asheim and Mitra 2010;Asheim et al 2012;Zuber and Asheim 2012).…”

Section: Introductionmentioning

confidence: 99%

Infinite-horizon social evaluation with variable population size

Kamaga

2016

Soc Choice Welf

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We present an infinite-horizon extension of the framework of variablepopulation social choice. Our first main result is the welfarism theorem using the axiom of intratemporal anonymity. By this theorem, the ranking of social alternatives is determined by an intratemporally anonymous and finitely complete quasi-ordering [which we call social welfare relation (SWR)] defined on the set of all streams of utility vectors of generations. We introduce three SWRs: the critical-level generalized utilitarian (CLGU) SWR, the critical-level generalized overtaking (CLGO) SWR, and the critical-level generalized catching-up (CLGC) SWR. They are infinite-horizon extensions of the critical-level generalized utilitarianism. We characterize (in terms of subrelation) the CLGU SWR with five axioms: Strong Pareto, Finite Anonymity, Weak Existence of Critical Levels, Restricted Continuity, and Existence Independence. Further, the CLGO and the CLGC SWRs are characterized by adding consistency axioms. We also present infinite-horizon reformulations of some population ethics axioms. In particular, we characterize the CLGO and the CLGC SWRs associated with a positive critical level by using the axiom of avoidance of the repugnant conclusion.

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Sustainable Recursive Social Welfare Functions

Cited by 15 publications

References 49 publications

Global Warming and Economic Externalities

Global Warming and Economic Externalities

Equitable intergenerational preferences and sustainability

Infinite-horizon social evaluation with variable population size

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