English, Article, Journal or magazine article edition: Avoiding Extinction: Equal Treatment of the Present and the Future Chichilnisky, Graciela

User activity

Share to:
 
Bookmark: http://trove.nla.gov.au/version/211847
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Avoiding Extinction: Equal Treatment of the Present and the Future
Author
  • Chichilnisky, Graciela
Physical Description
  • preprint
Notes
  • Equal treatment for the present and the future was required in two axioms for sustainable development introduced by the author. This article shows that the two axioms are equivalent to awareness of physical limits in the long run future. We prove that two optimization problems are equivalent : maximizing discounted utility with a long run survival constraint, and maximizing utilites that treat equally the present and the future. The equal treatment axioms are therefore the essence of sustainable development. The "weight" 'lambda' given to the long run future is identified with the marginal utility of the nvironmental asset along a path that narrowly avoids extinction. An existence theorem is provided for optimizing according to the welfare criterion that treats equally the present and the future. We show that no prior welfare criteria satisfy the axioms for sustainable development introduced in [12].
  • Sustainable development, sustainable preferences, axioms for sustainable development, the present and the future
  • RePEc:zbw:ifwedp:7487
Language
  • English
Contributed by
OAIster

Get this edition

Other links

  • Set up My libraries

    How do I set up "My libraries"?

    In order to set up a list of libraries that you have access to, you must first login or sign up. Then set up a personal list of libraries from your profile page by clicking on your user name at the top right of any screen.

  • All (1)
  • Unknown (1)
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.

User activity


e.g. test cricket, Perth (WA), "Parkes, Henry"

Separate different tags with a comma. To include a comma in your tag, surround the tag with double quotes.

Be the first to add a tag for this edition

Be the first to add this to a list

Comments and reviews

What are comments? Add a comment

No user comments or reviews for this version

Add a comment