Journal ArticleDOI
The mathematical theory of saving
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Journal ArticleDOI
Intrinsic ethics regarding integrated assessment models for climate management.
TL;DR: This paper develops a method and case for including intrinsic ethics within research ethics training to provide scientists with a comprehensive understanding and appreciation of the critical role of values and ethical choices in the production of research outcomes.
Book ChapterDOI
On the Existence of Paretian Social Welfare Quasi-Orderings for Infinite Utility Streams with Extended Anonymity
Tapan Mitra,Kaushik Basu +1 more
TL;DR: In this paper, the equal treatment of all generations, proposed by Ramsey (1928), is formalized in the Finite Anonymity Axiom, and the positive sensitivity of the social preference structure to the well-being of each generation is reflected in the Pareto Axiom.
Journal ArticleDOI
Social cost of carbon under shared socioeconomic pathways
Pu Yang,Pu Yang,Yun-Fei Yao,Yun-Fei Yao,Zhifu Mi,Yun-Fei Cao,Hua Liao,Biying Yu,Qiao-Mei Liang,D’Maris Coffman,Yi-Ming Wei +10 more
TL;DR: In this paper, the authors used the Dynamic Integrated model of Climate and the Economy (DICE) to update the SCC under the five socioeconomic pathways, while also considering alternative damage functions and the social welfare discount rate to address uncertainty.
Journal ArticleDOI
On the relationship between population change and sustainable development
TL;DR: In this article, the relationship between population growth and economic growth, through the study of fertility choices and their effects on natural resources, is investigated, and the authors adopt the most optimistic view on natural capital (it generates endogenous growth) and the weakest notion of sustainable paths (all variables are positive).
Journal ArticleDOI
Shoe‐leather Costs Reconsidered
TL;DR: The authors found support for Lucas' proposition that interest rates should be specified in logs as a description of money demand dynamics, but not as a steady-state characterisation, and showed that a semilog interest rate specification implies smaller, though still tangible, welfare gain estimates: for example, 0.22% of GNP in perpetuity when moving from 6% to 2% nominal interest rates.