Working PaperFirst publicationPublished versionDOI: 10.48548/pubdata-2082

A utilitarian notion of responsibility for sustainability

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Chronological data

Date of first publication2012-03-16
Date of publication in PubData 2025-08-12

Language of the resource

English

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Part of ISSN: 1860-5508
Working Paper Series in Economics

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Case provider

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Abstract

We develop and formalize a utilitarian notion of responsibility for sustainability which is inspired by Singer‟s (1972) principle and the Brundtland Commission‟s notion of sustainability (WCED 1987). We relate this notion of responsibility to established criteria for the assessment of intertemporal societal choice, namely Pareto-efficiency, (discounted) utilitarian welfare maximization, and Brundtland-sustainability. Using a two-generations-resource-model, we find the following. Sustainability and responsibility for sustainability are equivalent if and only if sustainability is feasible. If it is not, there still exists a responsible allocation which is also Pareto-efficient. Further, the utilitarian welfare maximum without discounting always fulfills the criterion of responsibility. Discounting may be responsible to a certain extent if sustainability is feasible. If sustainability is not feasible, discounting is not responsible.

Keywords

Brundtland; Natural Resource; Pareto Efficiency

Number of the series contribution

234

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DDC

330 :: Wirtschaft

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Research