This paper provides general theorems about the control that maximizes the mixed Bentham-Rawls (MBR) criterion for intergenerational justice, which was introduced in Alvarez-Cuadrado and Long (2009). We establish sufficient concavity conditions for a candidate trajectory to be optimal and unique. We show that the state variable is monotonic under rather weak conditions. We also prove that inequality among generations, captured by the gap between the poorest and the richest generations, is lower when optimization is performed under the MBR criterion rather than under the discounted utilitarian criterion. A quadratic example is also used to perform comparative static exercices: it turns out, in particular, that the larger the weight attributed to the maximin part of the MBR criterion, the better-off the less fortunate generations. All those properties are discussed and compared with those of the discounted utilitarian (DU, Koopmans 1960) and the rank-discounted utilitarian (RDU, Zuber and Asheim, 2012) criterions. We contend they are in line with some aspects of the rawlsian just savings principle.

Voir le document

Dernières publications

2017MO-02 MO
Perception des risques - Baromètre Cirano 2017
Nathalie de Marcellis-Warin et Ingrid Peignier
Voir le document

2017MO-01 MO
Le Québec économique 6 : Le défi des infrastructures
Marcelin Joanis, Andrés Ardila, Josée Beaudoin, Laurent-David Beaulieu, Dorothée Boccanfuso, Bernard Boire, Stéphanie Boulenger, Jean-Philippe Charron, Jean-Claude Cloutier, Bernard Dafflon, Nathalie de Marcellis-Warin, Clélia Desmettre, Kodjovi M. Eklou, Étienne Farvaque, Mario Fortin, Richard Gagné, Roger Galipeau, Stéphanie Lapierre, Geneviève Lefebvre, Jean-Philippe Meloche, Mathieu Paquet, Ingrid Peignier, Serge Pourreaux, Diane Riopel, Luc Savard, Alexandre Skerlj et François Vaillancourt
Voir le document

2017s-05 CS
Forecasting economic activity in data-rich environment
Maxime Leroux, Rachidi Kotchoni et Dalibor Stevanovic
Voir le document

2017s-04 CS
Decision to Emigrate Amongst the Youth in Lebanon
Ghassan Dibeh, Ali Fakih et Walid Marrouch
Voir le document

2017s-03 CS
Gender Peer Effects Heterogeneity in Obesity
Rokhaya Dieye et Bernard Fortin
Voir le document


Centre interuniversitaire de recherche en analyse des organisations
1130 rue Sherbrooke Ouest, suite 1400
Montréal, Québec (Canada) H3A 2M8
(514) 985-4000
(514) 985-4039
reception@cirano.qc.ca

© 2017 CIRANO. Tous droits réservés.



Partenaire de :