The MBR Intertemporal Choice Criterion and Rawls' Just Savings Principle

Charles Figuieres, Ngo Long and Mabel Tidball ()

Working Papers from LAMETA, Universtiy of Montpellier

Abstract: This paper provides general theorems about the control that maxi- mizes the mixed Bentham-Rawls (MBR) criterion for intergenerational justice, which was introduced in Alvarez-Cuadrado and Long (2009). We establish sufficient concavity conditions for a candidate trajectory to be optimal and unique. We also show that the state variable is monotonic un- der rather weak conditions. And finally we prove that inequality among generations, captured by the gap between the poorest and the richest generations, is lower when optimization is performed under the MBR cri- terion rather than under the discounted utilitarian criterion. The two last properties are in line with some aspects of the rawlsian just savings principle.

Pages: 19 pages
Date: 2013-02, Revised 2013-02
New Economics Papers: this item is included in nep-mic
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.lameta.univ-montp1.fr/Documents/DR2013-02.pdf First version, 2013 (application/pdf)
Our link check indicates that this URL is bad, the error code is: 500 Can't connect to www.lameta.univ-montp1.fr:80 (No such host is known. )

Related works:
Journal Article: The MBR intertemporal choice criterion and Rawls’ just savings principle (2017)
Working Paper: The MBR intertemporal choice criterion and Rawls’ just savings principle (2017)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:lam:wpaper:13-02

Access Statistics for this paper

More papers in Working Papers from LAMETA, Universtiy of Montpellier Contact information at EDIRC.
Bibliographic data for series maintained by Patricia Modat ( this e-mail address is bad, please contact ).