Geir B. Asheim

amse seminar

Geir B. Asheim

University of Oslo
The necessity of time inconsistency for intergenerational equity
Joint with
Tapan Mitra
Venue

VC Cinéma le Miroir

Centre de la Vieille-Charité - Cinéma le Miroir

Centre de la Vieille Charité
2 rue de la Charité
13002 Marseille

Date(s)
Monday, March 27 2017| 2:30pm to 4:00pm
Contact(s)

Timothée Demont: timothee.demont[at]univ-amu.fr
Roberta Ziparo: rziparo[at]gmail.com

Abstract

We show how conditions of intergenerational equity may necessitate time inconsistency of normative criteria. By formalizing the intuition that less sensitivity remains for the future if sensitivity for the interests of the present is combined with time consistency, we point out conicts (a) between time consistency and the requirement of not letting the present be dictatorial, and (b) between time consistency and equal treatment of generations. We use the results to interpret the time inconsistency of the Chichilnisky criterion and Rank-Discounted Utilitarianism. We also illustrate how such time inconsistent criteria can be applied in the Ramsey model.

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