Sustainability as Intergenerational Fairness: Efficiency, Uncertainty, and Numerical Methods
Sustainability as Intergenerational Fairness: Efficiency, Uncertainty, and Numerical Methods
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作为代际公平的可持续性:效率、不确定性和数值方法
DOI:
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发表时间:
2000
期刊:
影响因子:
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通讯作者:
Richard T Woodward
中科院分区:
文献类型:
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作者:
Richard T Woodward
This paper presents an economic model of sustainability defined as intergenerational fairness. Assuming that intergenerational fairness is an obligation of each generation, a recursive optimization problem is obtained. The problem has the advantage that uncertainty can readily be incorporated in the model and it can be solved numerically for a wide range of specifications. The possibility of trade-offs between efficiency and sustainability are discussed. Under plausible conditions, it is shown that a sustainability obligation is met only if there is the expectation of economic growth.