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(Journal article / Tidsskriftartikkel / PublishedVersion; Peer reviewed, 2012)
What ethical criterion for intergenerational justice should be adopted, e.g., when faced with the task of managing the global environment? Koopmans axiomatization of discounted utilitarianism is based on seemingly compelling ...
(Journal article / Tidsskriftartikkel / AcceptedVersion; Peer reviewed, 2010)
Discounted utilitarianism treats generations unequally and leads to seemingly unappealing consequences in some models of economic growth. Instead, this paper presents and applies sustainable discounted utilitarianism (SDU). ...
(Journal article / Tidsskriftartikkel / PublishedVersion; Peer reviewed, 2020)
We examine the investment rule that must be satisfied by an efficient and egalitarian path in a discrete-time version of the Dasgupta–Heal–Solow model of capital accumulation and resource depletion. In the discrete-time ...
(Journal article / Tidsskriftartikkel / PublishedVersion; Peer reviewed, 2020)
We propose an adaptation of Hartwick’s investment rule to models with population growth and show that following Hartwick’s rule is equivalent to a time-invariant real per capita net national product. In the so-called DHSS ...
(Journal article / Tidsskriftartikkel / PublishedVersion; Peer reviewed, 2020)
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 ...