The Ethics of Intertemporal Distribution in a Warming Planet

Environmental and Resource Economics

Volumn 48, Issue 3, 2011, Pages 363-390

  Roemer, John E ^a  

^a YALE UNIVERSITY   (United States)

Author keywords

Climate change; Discounted utilitarianism; Global warming; Intertemporal optimization; Rawlsian justice; Social discount rate; Sustainability

Indexed keywords

ECONOMICS; GLOBAL WARMING; PHILOSOPHICAL ASPECTS; SUSTAINABLE DEVELOPMENT;

DISCOUNT FACTORS; DISCOUNT RATES; DISCOUNTED UTILITARIANISM; FUTURE GENERATIONS; INTERTEMPORAL OPTIMIZATION; OBJECTIVE FUNCTIONS; RAWLSIAN JUSTICE; SHARP CONTRAST;

CLIMATE CHANGE;

DISCOUNT RATE; ENVIRONMENTAL ECONOMICS; ETHICS; EXTINCTION; GLOBAL WARMING; GROWTH RATE; OPTIMIZATION; RESOURCE ALLOCATION; SUSTAINABILITY;

EID: 79952698730     PISSN: 09246460     EISSN: None     Source Type: Journal    
DOI: 10.1007/s10640-010-9414-1     Document Type: Article

References (28)

1. Arrow K (1973) Rawls's principle of just savings. Swedish J Econ 75: 323-335.
2. Asheim G, Buchholz W, Tungodden B (2001) Justifying sustainability. J Environ Econ Manag 41: 252-268.
3. Asheim G, Tungodden B (2004) Resolving distributional conflicts between generations. Econ Theory 24: 221-230.
4. Basu K, Mitra T (2003) Aggregating infinite utility streams with intergenerational equity: the impossibility of being Paretian. Econometrica 71: 1557-1563.
5. Basu K, Mitra T (2007) Utilitarianism for infinite utility streams: a new welfare criterion and its axiomatic characterization. J Econ Theory 133: 350-373.
6. Buchholz W (1997) Intergenerational equity. In: Zylicz T (ed) Ecological economics. Uppsala University Press, Uppsala.
7. Dasgupta P (1974) On some alternative criteria for justice between generations. J Public Econ 3: 415-423.
8. Dasgupta P (2005) Three conceptions of intergenerational justice. In: Lillehammer H, Mellor DH (eds) Ramsey's legacy. Clarendon Press, Oxford.
9. Dasgupta P (2008) Discounting climate change. J Risk Uncertain 37: 141-169.
10. Diamond P (1965) The evaluation of infinite utility streams. Econometrica 33: 170-177.
11. Intergovernmental Panel on Climate Change: (2008) Climate change 2007: the physical science basis. Cambridge University Press, Cambridge.
12. Koopmans T (1960) Stationary ordinal utility and impatience. Econometrica 28: 287-309.
13. Llavador H, Roemer J, Silvestre J (2008) [LRSa] A dynamic analysis of human welfare in a warming planet. http://pantheon. yale. edu/~jer39/climatechange. html.
14. Llavador, H, Roemer J, Silvestre J (in press) [LRSb] intergenerational justice when the existence of future generations is uncertain. J Math Econ.
15. Matthews HD, Caldeira K (2008) Stabilizing climate requires near-zero emissions. Geophys Res Lett 35: L04705. doi: 10. 1029/2007GL032388.
16. Neumayer E (2003) Weak versus strong sustainability: exploring the limits of two opposing paradigms. Elgar, Cheltenham.
17. Nordhaus W (2008) A question of balance. Yale University Press, New Haven.
18. Nordhaus W (2007) A review of the stern review on the economics of climate change. J Econ Lit 45: 686-702.
19. Ramsey F (1928) A mathematical theory of saving. Econ J 38: 543-559.
20. Roemer J (1996) Theories of distributive justice. Harvard University Press, Cambridge.
21. Roemer, J, Suzumura, K (eds) (2007) Intergenerational equity and sustainability. Macmillan, London.
22. Silvestre J (2002) Progress and conservation under Rawls' maximin principle. Soc Choice Welfare 19: 1-27.
23. Solow R (1974) Intergenerational equity and exhaustible resources. Rev Econ Stud (Symposium) 3-28.
24. Stern N (2007) The stern review on the economics of climate change. Cambridge University Press, Cambridge.
25. Stern N (2008) The economics of climate change. Am Econ Rev Pap Proc 98: 21-37.
26. Weitzman M (2007) A review of the stern review on the economics of climate change. J Econ Lit 45: 703-724.
27. Weitzman M (2008) On modeling and interpreting the economics of catastrophic climate change. Rev Econ Stat (forthcoming).
28. Withagen C, Asheim G (1998) Characterizing sustainability: the converse of Hartwick's rule. J Econ Dyn Control 23: 159-165.