Please use this identifier to cite or link to this item:
https://hdl.handle.net/10419/57153
Full metadata record
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Hoberg, Nikolai | en |
dc.contributor.author | Baumgärtner, Stefan | en |
dc.date.accessioned | 2012-04-17T12:55:31Z | - |
dc.date.available | 2012-04-17T12:55:31Z | - |
dc.date.issued | 2011 | - |
dc.identifier.uri | http://hdl.handle.net/10419/57153 | - |
dc.description.abstract | We demonstrate the existence of an intergenerational equity-efficiency tradeoff in policy-making that aims at Pareto-efficiency across generations and sustainability, i.e. non-decreasing utility over time. Our model includes two salient characteristics of sustainability problems and policy: (i) temporal irreversibility, i.e. the inability to revise one's past actions; (ii) closed ignorance, i.e. future consequences of present actions in human-environment systems may be 'unknown unknowns'. If initially unforeseen sustainability problems become apparent and policy is enacted after irreversible actions were taken, policy-making faces a fundamental trade-off between intergenerational Pareto-efficiency and sustainability. | en |
dc.language.iso | eng | en |
dc.publisher | |aLeuphana Universität Lüneburg, Institut für Volkswirtschaftslehre |cLüneburg | en |
dc.relation.ispartofseries | |aWorking Paper Series in Economics |x198 | en |
dc.subject.jel | D3 | en |
dc.subject.jel | H23 | en |
dc.subject.jel | Q01 | en |
dc.subject.jel | Q38 | en |
dc.subject.jel | Q56 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | climate change | en |
dc.subject.keyword | closed ignorance | en |
dc.subject.keyword | intergenerational equity-efficiency tradeoff | en |
dc.subject.keyword | irreversibility | en |
dc.subject.keyword | Pareto-efficiency | en |
dc.subject.keyword | sustainability | en |
dc.subject.stw | Soziale Gerechtigkeit | en |
dc.subject.stw | Wirtschaftliche Effizienz | en |
dc.subject.stw | Generationenbeziehungen | en |
dc.subject.stw | Pareto-Optimum | en |
dc.subject.stw | Nachhaltigkeit | en |
dc.subject.stw | Theorie | en |
dc.title | Irreversibility, ignorance, and the intergenerational equity-efficiency trade-off | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 65492662X | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
Files in This Item:
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.