Climate policy with Bentham–Rawls preferences

C-Tier
Journal: Economics Letters
Year: 2013
Volume: 118
Issue: 3
Pages: 424-428

Score contribution per author:

1.005 = (α=2.01 / 1 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

A Bentham–Rawls welfare function is the weighted sum of the net present welfare (Bentham) and the welfare of the worst-off generation (Rawls). If utility is non-decreasing over time, optimal climate policy is more stringent in the near-term under the Bentham criterion than under the Bentham–Rawls criterion. If utility is decreasing, Bentham–Rawls abatement is higher. If there is a chance of decreasing utility, Bentham–Rawls optimal climate policy is probably less stringent than Bentham policy.

Technical Details

RePEc Handle
repec:eee:ecolet:v:118:y:2013:i:3:p:424-428
Journal Field
General
Author Count
1
Added to Database
2026-01-29