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Justifying sustainability

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  • Asheim,G.B.
  • Buchholz,W.
  • Tungodden,B.

    (University of Oslo, Department of Economics)

Abstract

In the framework of ethical social choice theory, sustainability is justified by Efficiency and Equity as ethical axioms. These axioms correspond to the Suppes-Sen Grading principle. In technologies that are productive in a certain sense, the set of Suppes-Sen maximal utility paths is shown to equal the set of non-decreasing and efficient paths. Since any such path is sustainable, Efficiency and Equity can thus be used to deem any unsustainable path as ethically unacceptable. This finding is contrasted with results that seem to indicate that an infinite number of generations cannot be treated equally.

(This abstract was borrowed from another version of this item.)

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File URL: http://www.sv.uio.no/econ/english/research/memorandum/pdf-files/1999/Memo-08-1999.pdf
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Bibliographic Info

Paper provided by Oslo University, Department of Economics in its series Memorandum with number 08/1999.

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Date of creation: 1999
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Handle: RePEc:hhs:osloec:1999_008

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Postal: Department of Economics, University of Oslo, P.O Box 1095 Blindern, N-0317 Oslo, Norway
Phone: 22 85 51 27
Fax: 22 85 50 35
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Web page: http://www.oekonomi.uio.no/indexe.html
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