Patient Preferences, Intergenerational Equity, and the Precautionary Principle

Urmee Khan and Maxwell Stinchcombe ()
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Maxwell Stinchcombe: University of Texas, Austin

No 201427, Working Papers from University of California at Riverside, Department of Economics

Abstract: Patient preferences have a social welfare interpretation consonant with a belief that the society affected by present decisions will last for a very long time. In stochastic settings, these preferences lead to justifications for variants of the precautionary principle.

Pages: 22 Pages
Date: 2014-03
New Economics Papers: this item is included in nep-cbe
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https://economics.ucr.edu/repec/ucr/wpaper/201427.pdf First version, 2014 (application/pdf)

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