2024-03-29T14:30:50Z
https://nagoya.repo.nii.ac.jp/oai
oai:nagoya.repo.nii.ac.jp:00008958
2023-11-13T02:05:38Z
659:853:854:1067
Sustainability Constraint and the Equitable Intergenerational Allocation of an Exhaustible Resource
CAI, Dapeng
蔡, 大鵬
open access
Inadequate attention has been given to equity considerations concerning the intergenerational allocation of an exhaustible resource. Existing literature focuses primarily on intertemporal allocative efficiency and considers exclusively the welfare of the current generation. However, this efficiency-oriented approach generally leads to efficient, yet 'beggar-thy-progeny' outcomes. In this paper we propose a new approach that bluntly addresses the intergenerational equity concerns. We argue that a sustainability constraint, which specifies both the needs and obligations of each generation, has to be integrated into the discussion. We demonstrate how to impose such a constraint to discriminate a sustainable path, or paths, according to particular social objectives. We also compare the tradeoffs between the gains (levels of intergenerational equity achieved) and sacrifices (amounts of intergenerational transfers made) of various policy proposals.
名古屋大学経済学会
2003-06-30
eng
departmental bulletin paper
VoR
https://doi.org/10.18999/ecos.51.1.129
http://hdl.handle.net/2237/10720
https://nagoya.repo.nii.ac.jp/records/8958
10.18999/ecos.51.1.129
0022-9725
経済科学
51
1
129
147
https://nagoya.repo.nii.ac.jp/record/8958/files/ecos_51_1_129.pdf
application/pdf
1.9 MB
2018-02-19