Arbeitspapier
Dynamically consistent intergenerational welfare
Dynamic consistency is crucial for credible evaluation of intergenerational choice plans that inherently lack commitment. We offer a general characterization for dynamically consistent intergenerational welfare aggregation. The aggregation is characterized by envy-guilt asymmetry in discounting with respect to future generations' utility: Higher utility than future generations' utility is discounted differently than lower utility than future generations' utility. This offers a simple and tractable characterization for the dynamically consistent choice rules.
- Sprache
-
Englisch
- Erschienen in
-
Series: Center for Mathematical Economics Working Papers ; No. 687
- Klassifikation
-
Wirtschaft
- Thema
-
Dynamic consistency
discounting
social discount factor
preference aggregation
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Mononen, Lasse
- Ereignis
-
Veröffentlichung
- (wer)
-
Bielefeld University, Center for Mathematical Economics (IMW)
- (wo)
-
Bielefeld
- (wann)
-
2024
- Handle
- URN
-
urn:nbn:de:0070-pub-29872843
- Letzte Aktualisierung
-
20.09.2024, 08:22 MESZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Mononen, Lasse
- Bielefeld University, Center for Mathematical Economics (IMW)
Entstanden
- 2024
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