The Ethics of Intergenerational Risk
Paolo Giovanni Piacquadio
RIEEM Discussion Paper Series from Research Institute for Environmental Economics and Management, Waseda University
This paper re-examines the evaluation of intergenerational allocations in an uncertain world. It axiomatically characterizes a class of criteria that avoid serious drawbacks of expected discounted utilitarianism concerning the choice of the discount factor and the insensitivity to ex-ante and ex-post distributional concerns. The distinctive feature of the proposed criteria is to assess alternatives based on specific information about the evolution of technology, the intensity and timing of resolution of risk, and the scarcity of resources.
Keywords: Intergenerational justice; risk; welfare criterion; discounting (search for similar items in EconPapers)
JEL-codes: D63 D81 H43 (search for similar items in EconPapers)
Pages: 38 pages
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Journal Article: The ethics of intergenerational risk (2020)
Working Paper: The Ethics of Intergenerational Risk (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:was:dpaper:1701
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