Matches in SemOpenAlex for { <https://semopenalex.org/work/W3121424420> ?p ?o ?g. }
- W3121424420 abstract "The 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." @default.
- W3121424420 created "2021-02-01" @default.
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- W3121424420 date "2010-01-01" @default.
- W3121424420 modified "2023-09-26" @default.
- W3121424420 title "Justifying Social Discounting: The Rank-Discounted Utilitarian Approach" @default.
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- W3121424420 doi "https://doi.org/10.2139/ssrn.1687577" @default.
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