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dc.contributor.authorTungodden, Bertil
dc.contributor.authorAsheim, Geir B.
dc.date.accessioned2006-08-03T07:50:17Z
dc.date.available2006-08-03T07:50:17Z
dc.date.issued2004-12
dc.identifier.issn0804-6824
dc.identifier.urihttp://hdl.handle.net/11250/162792
dc.description.abstractIn this paper we consider variations of Koopmans’ (1960) postulates and demonstrate that these lead to a class of social preferences that is wider than discounted utilitarianism. We formulate a utilitiarian condition (PFL), and introduce a one-sided equity condition (HEF) stating that a sacrifice of the present generation leading to an equal gain for all future generations is weakly desirable if the present remains better off than the future. We investigate the consequences of imposing HEF, and obtain a new axiomatization of discounted utilitarianism by assuming that PFL holds and HEF does not hold.en
dc.format.extent234066 bytes
dc.format.mimetypeapplication/pdf
dc.language.isoengen
dc.publisherNorwegian School of Economics and Business Administration. Department of Economicsen
dc.relation.ispartofseriesDiscussion paperen
dc.relation.ispartofseries2004:32en
dc.subjectintergenerational justiceen
dc.subjectdiscounted utilitarianismen
dc.subjectsustainabilityen
dc.titleDo Koopmans’ postulates lead to discounted utilitarianism?en
dc.typeWorking paperen


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