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Interpreting Sustainability in Economic Terms: Dynamic Efficiency Plus Intergenerational Equity

descriptionPublicationkeyboard_double_arrow_right Article , Other literature type , Journal , Research , Preprint 01 Jan 2002Embargo end date: 01 Feb 2003 United States Publisher:Elsevier BVJournal:SSRN Electronic Journal (eissn: 1556-5068,

Authors: Robert N. Stavins; Robert N. Stavins; Robert N. Stavins; Gernot Wagner;

Alexander F. Wagner;

doi: 10.2139/ssrn.326521 , 10.1016/s0165-1765(03)00036-3 , 10.7916/d8cn7dhb , 10.5167/uzh-235903

Interpreting Sustainability in Economic Terms: Dynamic Efficiency Plus Intergenerational Equity

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Abstract

Economists have confined the concept of 'sustainability' to intertemporal distributional equity. We propose a broader definition, combining dynamic efficiency and intergenerational equity, and relate it to two concepts from neoclassical economics: potential Pareto-improvements and inter-personal compensation.

Country

United States

Related Organizations

University of Zurich
Switzerland
King’s University
United States
National Bureau of Economic Research
United States
Stanford University
United States
Harvard University
United States

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Keywords

intergenerational equity, dynamic efficiency, Environmental economics, Nachhaltige Entwicklung, Generationengerechtigkeit, sustainability, Q3, Q2, Theorie, Wirtschaftliche Effizienz, ddc: ddc:330

Impact byBIP!

	citations This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).	123
	popularity This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.	Top 10%
	influence This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).	Top 1%
	impulse This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.	Top 10%