G2TT
来源类型FEEM working papers "Note di lavoro" series
规范类型论文
Interpreting Sustainability in Economic Terms
Robert N. Stavins; Alexander F. Wagner; Gernot Wagner
发表日期2002
出处Climate Change and Sustainable Development
出版年2002
语种英语
摘要Economists have expended considerable effort to develop economically meaningful definitions of the somewhat elusive concept of “sustainability.” We relate such a definition of sustainability to well known concepts from neoclassical economics, in particular, potential Pareto improvements (in the Kaldor-Hicks sense) and inter-personal compensation. In the inter-temporal realm, we find that dynamic efficiency is a necessary but not sufficient condition for a notion of sustainability that has normative standing as a goal for public policy. We define sustainability as dynamic efficiency plus intergenerational equity. Further, we argue that it is not unreasonable for economists to focus on the efficiency element, leaving equity considerations to the political process. The analogy to the relationship between potential Pareto improvements and(intragenerational) transfers can facilitate discussions about sustainability, both within the economics community and as part of an interdisciplinary discourse, and makes the basic concepts easier to operationalize.
特色分类Q2,Q3
关键词sustainability,dynamic efficiency,intergenerational equity
URLhttps://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/interpreting-sustainability-in-economic-terms/
来源智库Fondazione Eni Enrico Mattei (Italy)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/116773
推荐引用方式
GB/T 7714
Robert N. Stavins,Alexander F. Wagner,Gernot Wagner. Interpreting Sustainability in Economic Terms. 2002.
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