Academic Journal
Combining rights and welfarism: a new approach to intertemporal evaluation of social alternatives
| العنوان: | Combining rights and welfarism: a new approach to intertemporal evaluation of social alternatives |
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| المؤلفون: | van Long, Ngo, Martinet, Vincent |
| المساهمون: | Department of Economics, Pontifícia Universidade Católica do Rio de Janeiro Brasil = Pontifical Catholic University of Rio de Janeiro Brazil = Université catholique pontificale de Rio de Janeiro Brésil (PUC-Rio), Tasmanian School of Business, University of Tasmania Hobart (UTAS), Economie Publique (ECO-PUB), Institut National de la Recherche Agronomique (INRA)-AgroParisTech |
| المصدر: | ISSN: 0176-1714. |
| بيانات النشر: | CCSD Springer Verlag |
| سنة النشر: | 2018 |
| مصطلحات موضوعية: | well-being, sustainable development, bien-être, développement durable, économie du bien-être, droits de l'homme, équite intergénérationnelle, [SDV]Life Sciences [q-bio], [SHS.ECO]Humanities and Social Sciences/Economics and Finance |
| الوصف: | First onlineJEL : D63, H43, Q01 ; We propose a new criterion reflecting both the concern for rights and the concern for welfare in the evaluation of economic development paths. The concern for rights is captured by a pre-ordering over combinations of thresholds corresponding to floors or ceilings on various quantitative indicators. The resulting constraints on actions and on levels of state variables are interpreted as minimal rights to be guaranteed to all generations, for intergenerational equity purposes. The level of these rights are endogenously chosen, accounting for the “cost in terms of welfare” of granting them. Such a criterion could embody the idea of sustainable development. We provide an axiomatization of such a criterion and characterize the tension between rights and welfare in a general economic framework. We apply the criterion to the standard Dasgupta–Heal–Solow model of resource extraction and capital accumulation. We show that if the weight given to rights in the criterion is sufficiently high, the optimal solution is on the threshold possibility frontier. The development path is then “driven” by the rights. In particular, if a minimal consumption is considered as a right, constant consumption can be optimal even with a positive utility discount rate. In this case, the shadow value of the right plays an important role in the determination of the rate of discount to be applied to social investment projects. ; Les auteurs proposent un nouveau critère reflétant à la fois le souci des droits et le souci du bien-être dans l’évaluation des sentiers de développement économique. La préoccupation pour les droits est saisie par une structure de préférences envers des combinaisons de seuils de divers indicateurs quantitatifs. Les contraintes sont interprétées comme des droits minimaux à garantir à toutes les générations. Les niveaux de ces droits sont choisis de façon endogène, en tenant compte du coût en termes de bien-être. Un tel critère pourrait incarner l’idée du développement durable. La tension ... |
| نوع الوثيقة: | article in journal/newspaper |
| اللغة: | English |
| Relation: | PRODINRA: 409218; WOS: 000418295500002 |
| DOI: | 10.1007/s00355-017-1073-5 |
| الاتاحة: | https://hal.science/hal-01634283 https://hal.science/hal-01634283v1/document https://hal.science/hal-01634283v1/file/Long_Martinet_SCW_accepted_%7B3AB5F663-6AE9-4366-92FA-AFCB36A83CFD%7D.pdf https://doi.org/10.1007/s00355-017-1073-5 |
| Rights: | info:eu-repo/semantics/OpenAccess |
| رقم الانضمام: | edsbas.43AA9AD6 |
| قاعدة البيانات: | BASE |
| DOI: | 10.1007/s00355-017-1073-5 |
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