Zhiyang Jia

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No 08/15 Eric Naevdal Catastrophes and Expected Marginal Utility – How the Value of The Last Fish in a Lak is Infinity and Why We Shouldn't Care (Much) Previous issues of the memo-series are available in a PDF® format at: Abstract: The ratio definition of efficiency has the form of a productivity measure. But the weights are endogenous variables and they do(More)
  • Geir B Asheim, Ivar Ekeland, Nina Drange, Tarjei Havnes, Astrid M J Sandsør, Paolo G Piacquadio +9 others
  • 2015
Previous issues of the memo-series are available in a PDF® format at: Abstract The Chichilnisky criterion is an explicit social welfare function that satisfies compelling conditions of intergenerational equity. However, it is time inconsistent and has no optimal solution in the Ramsey model. By investigating stationary Markov equilibria in the game that(More)
No 08/15 Eric Naevdal Catastrophes and Expected Marginal Utility – How the Value of The Last Fish in a Lak is Infinity and Why We Shouldn't Care (Much) Previous issues of the memo-series are available in a PDF® format at: The paper reexamines the ethics of intergenerational risk. When risk resolves gradually, earlier decisions cannot depend on the(More)
No 08/15 Eric Naevdal Catastrophes and Expected Marginal Utility – How the Value of The Last Fish in a Lak is Infinity and Why We Shouldn't Care (Much) Previous issues of the memo-series are available in a PDF® format at: Abstract Theory and evidence point towards particularly positive effects of high-quality child care for disadvantaged children. At the(More)