دورية أكاديمية
How stationarity contradicts intergenerational equity
| العنوان: | How stationarity contradicts intergenerational equity |
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| المؤلفون: | Asheim, Geir Bjarne, Banerjee, Kuntal, Mitra, Tapan |
| المصدر: | 0938-2259. |
| سنة النشر: | 2020 |
| المجموعة: | Universitet i Oslo: Digitale utgivelser ved UiO (DUO) |
| الوصف: | We show how the condition of stationarity may contradict intergenerational equity. By formalizing the intuition that less sensitivity remains for the continuation of the stream if sensitivity for the interests of the present is combined with stationarity, we point out conflicts (a) between stationarity and the requirement of not letting the present be dictatorial, and (b) between stationarity and equal treatment of generations. We use the results to interpret the non-stationarity of the Chichilnisky and Rank-discounted utilitarian social welfare functions. Non-stationarity combined with time invariance leads to time inconsistency. We illustrate how such non-stationary social welfare functions can be applied in the Ramsey model if time invariance is imposed. |
| نوع الوثيقة: | article in journal/newspaper |
| اللغة: | English |
| العلاقة: | http://urn.nb.no/URN:NBN:no-82966Test; Asheim, Geir Bjarne Banerjee, Kuntal Mitra, Tapan . How stationarity contradicts intergenerational equity. Economic Theory. 2020; http://hdl.handle.net/10852/79860Test; 1831002; info:ofi/fmt:kev:mtx:ctx&ctx_ver=Z39.88-2004&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.jtitle=Economic Theory&rft.volume=&rft.spage=&rft.date=2020; Economic Theory; https://doi.org/10.1007/s00199-020-01296-8Test; URN:NBN:no-82966; Fulltext https://www.duo.uio.no/bitstream/handle/10852/79860/1/ABM-ET20.pdfTest |
| DOI: | 10.1007/s00199-020-01296-8 |
| الإتاحة: | https://doi.org/10.1007/s00199-020-01296-8Test http://hdl.handle.net/10852/79860Test http://urn.nb.no/URN:NBN:no-82966Test |
| حقوق: | Attribution 4.0 International ; https://creativecommons.org/licenses/by/4.0Test/ |
| رقم الانضمام: | edsbas.4AD5B782 |
| قاعدة البيانات: | BASE |
| DOI: | 10.1007/s00199-020-01296-8 |
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