Dynamically Consistent Intergenerational Welfare
Mononen L (2024) Center for Mathematical Economics Working Papers; 687.
Bielefeld: Center for Mathematical Economics.
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| Veröffentlicht | Englisch
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Abstract / Bemerkung
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.
Stichworte
Dynamic consistency;
discounting;
social discount factor;
preference aggregation
Erscheinungsjahr
2024
Serientitel
Center for Mathematical Economics Working Papers
Band
687
Seite(n)
11
Urheberrecht / Lizenzen
ISSN
0931-6558
Page URI
https://pub.uni-bielefeld.de/record/2987284
Zitieren
Mononen L. Dynamically Consistent Intergenerational Welfare. Center for Mathematical Economics Working Papers. Vol 687. Bielefeld: Center for Mathematical Economics; 2024.
Mononen, L. (2024). Dynamically Consistent Intergenerational Welfare (Center for Mathematical Economics Working Papers, 687). Bielefeld: Center for Mathematical Economics.
Mononen, Lasse. 2024. Dynamically Consistent Intergenerational Welfare. Vol. 687. Center for Mathematical Economics Working Papers. Bielefeld: Center for Mathematical Economics.
Mononen, L. (2024). Dynamically Consistent Intergenerational Welfare. Center for Mathematical Economics Working Papers, 687, Bielefeld: Center for Mathematical Economics.
Mononen, L., 2024. Dynamically Consistent Intergenerational Welfare, Center for Mathematical Economics Working Papers, no.687, Bielefeld: Center for Mathematical Economics.
L. Mononen, Dynamically Consistent Intergenerational Welfare, Center for Mathematical Economics Working Papers, vol. 687, Bielefeld: Center for Mathematical Economics, 2024.
Mononen, L.: Dynamically Consistent Intergenerational Welfare. Center for Mathematical Economics Working Papers, 687. Center for Mathematical Economics, Bielefeld (2024).
Mononen, Lasse. Dynamically Consistent Intergenerational Welfare. Bielefeld: Center for Mathematical Economics, 2024. Center for Mathematical Economics Working Papers. 687.
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