Matches in SemOpenAlex for { <https://semopenalex.org/work/W3126001557> ?p ?o ?g. }
Showing items 1 to 83 of
83
with 100 items per page.
- W3126001557 abstract "PV-optimality in a capital-resource economy can imply decreasing utility over some portion of the time horizon. Various criteria have been proposed to maintain intergenerational equity defined as nondeclining utility, but these have some limitations and problems. This paper proposes a new welfare criteria incorporating present value to maintain efficiency, and an equity function with convex costs on declining utility. This criterion is economically efficient, time-consistent and recursive. An extension of dynamic programming to multiple value functions is developed to solve this problem. Increasing the equity weight increasingly eliminates declining portions of utility time paths. Sustainability implies increasing consumption in the early time periods and some intermediate time periods relative to PV-optimality. A surprising result is that sustainability can actually result in increased resource usage in early time periods, followed later by higher levels of resource stocks compared to PV-optimality. The sustainability analysis shows that while conventional benefit-cost and valuation analysis contribute to efficiency, they do not necessarily induce sustainability due to incorrect dynamic GE prices. Similar comments apply to Green NNP analysis. The concepts and extended DP methods developed in this paper extend naturally to uncertainty and can also be applied to generalized consumer and social choice models beyond those typically considered in the literature." @default.
- W3126001557 created "2021-02-01" @default.
- W3126001557 creator A5016372038 @default.
- W3126001557 date "2006-01-01" @default.
- W3126001557 modified "2023-09-28" @default.
- W3126001557 title "Recursive Sustainability: Intertemporal Efficiency and Equity" @default.
- W3126001557 hasPublicationYear "2006" @default.
- W3126001557 type Work @default.
- W3126001557 sameAs 3126001557 @default.
- W3126001557 citedByCount "0" @default.
- W3126001557 crossrefType "posted-content" @default.
- W3126001557 hasAuthorship W3126001557A5016372038 @default.
- W3126001557 hasConcept C100243477 @default.
- W3126001557 hasConcept C10138342 @default.
- W3126001557 hasConcept C134560507 @default.
- W3126001557 hasConcept C144024400 @default.
- W3126001557 hasConcept C144237770 @default.
- W3126001557 hasConcept C14646407 @default.
- W3126001557 hasConcept C149782125 @default.
- W3126001557 hasConcept C162324750 @default.
- W3126001557 hasConcept C175444787 @default.
- W3126001557 hasConcept C17744445 @default.
- W3126001557 hasConcept C186027771 @default.
- W3126001557 hasConcept C18903297 @default.
- W3126001557 hasConcept C199539241 @default.
- W3126001557 hasConcept C199728807 @default.
- W3126001557 hasConcept C2779629923 @default.
- W3126001557 hasConcept C2781133197 @default.
- W3126001557 hasConcept C28761237 @default.
- W3126001557 hasConcept C30772137 @default.
- W3126001557 hasConcept C34447519 @default.
- W3126001557 hasConcept C36289849 @default.
- W3126001557 hasConcept C66204764 @default.
- W3126001557 hasConcept C86803240 @default.
- W3126001557 hasConceptScore W3126001557C100243477 @default.
- W3126001557 hasConceptScore W3126001557C10138342 @default.
- W3126001557 hasConceptScore W3126001557C134560507 @default.
- W3126001557 hasConceptScore W3126001557C144024400 @default.
- W3126001557 hasConceptScore W3126001557C144237770 @default.
- W3126001557 hasConceptScore W3126001557C14646407 @default.
- W3126001557 hasConceptScore W3126001557C149782125 @default.
- W3126001557 hasConceptScore W3126001557C162324750 @default.
- W3126001557 hasConceptScore W3126001557C175444787 @default.
- W3126001557 hasConceptScore W3126001557C17744445 @default.
- W3126001557 hasConceptScore W3126001557C186027771 @default.
- W3126001557 hasConceptScore W3126001557C18903297 @default.
- W3126001557 hasConceptScore W3126001557C199539241 @default.
- W3126001557 hasConceptScore W3126001557C199728807 @default.
- W3126001557 hasConceptScore W3126001557C2779629923 @default.
- W3126001557 hasConceptScore W3126001557C2781133197 @default.
- W3126001557 hasConceptScore W3126001557C28761237 @default.
- W3126001557 hasConceptScore W3126001557C30772137 @default.
- W3126001557 hasConceptScore W3126001557C34447519 @default.
- W3126001557 hasConceptScore W3126001557C36289849 @default.
- W3126001557 hasConceptScore W3126001557C66204764 @default.
- W3126001557 hasConceptScore W3126001557C86803240 @default.
- W3126001557 hasLocation W31260015571 @default.
- W3126001557 hasOpenAccess W3126001557 @default.
- W3126001557 hasPrimaryLocation W31260015571 @default.
- W3126001557 hasRelatedWork W147583215 @default.
- W3126001557 hasRelatedWork W1499295009 @default.
- W3126001557 hasRelatedWork W1503734301 @default.
- W3126001557 hasRelatedWork W1527921859 @default.
- W3126001557 hasRelatedWork W2026306052 @default.
- W3126001557 hasRelatedWork W2050482714 @default.
- W3126001557 hasRelatedWork W2052750388 @default.
- W3126001557 hasRelatedWork W2053509230 @default.
- W3126001557 hasRelatedWork W2057558925 @default.
- W3126001557 hasRelatedWork W2072006772 @default.
- W3126001557 hasRelatedWork W2118551771 @default.
- W3126001557 hasRelatedWork W2146838832 @default.
- W3126001557 hasRelatedWork W2203411790 @default.
- W3126001557 hasRelatedWork W2267330446 @default.
- W3126001557 hasRelatedWork W3122565947 @default.
- W3126001557 hasRelatedWork W3148563136 @default.
- W3126001557 hasRelatedWork W3164999941 @default.
- W3126001557 hasRelatedWork W3213981449 @default.
- W3126001557 hasRelatedWork W1541025343 @default.
- W3126001557 hasRelatedWork W2182034816 @default.
- W3126001557 isParatext "false" @default.
- W3126001557 isRetracted "false" @default.
- W3126001557 magId "3126001557" @default.
- W3126001557 workType "article" @default.