LEMO and The Choice Lab seminar: Paolo Giovanni Piacquadio

  • Paolo's website
  • The Ethics of Intergenerational Risk
  • Abstract:
    This paper re-examines the evaluation of intergenerational allocations in an uncertain world. It axiomatically characterizes a class of criteria that avoid serious drawbacks of expected discounted utilitarianism concerning the choice of the discount factor and the insensitivity to distributional issues. The distinctive feature of the proposed criteria is to assess alternatives based on specific information about the evolution of technology, the intensity and timing of resolution of risk, and the scarcity of resources.