The full text of this article
Balancing efficiency and equity in long-run decision-making
by Talbot Page
International Journal of Sustainable Development (IJSD), Vol. 6, No. 1, 2003
Abstract: The idea of this paper is that ''intergenerational majority rule voting'' can sometimes be both efficient and equitable, as formalised by an intergenerational application of the Arrow axioms. A decision by the US Environmental Protection Agency to require carbon filtration of drinking water on the grounds of intergenerational equity provides an intuitive example of ''intergenerational majority rule voting''. The normative principle of intergenerational equity is, intuitively, similar to Jefferson's ''The world belongs in usufruct to the living'' and the basis of the Supreme Court decision in Pennsylvania v. Planned Parenthood, which was to preserve the basic institutional structure of the ''rule of law'' in especially divisive cases.
Online publication date: Mon, 05-Apr-2004
is only available to individual subscribers or to users at subscribing institutions.
Go to Inderscience Online Journals to access the Full Text of this article.
Pay per view:
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.
Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Sustainable Development (IJSD):
Login with your Inderscience username and password:
Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable).
See our Orders page to subscribe.
If you still need assistance, please email email@example.com