Can intergenerational equity be operationalized?: Correction

Michael Greinecker (ENS Paris-Saclay) & Michael Nielsen (Department of Philosophy, Texas A & M University)

 

We show with a counterexample that Theorem 1 of [Zame, William R. “Can inter-

generational equity be operationalized?” Theoretical Economics 2.2 (2007): 187-

202.] is wrong. The problem with Theorem 1 does not affect the remaining results

of the paper, which form its core.

KEYWORDS. Intergenerational equity, infinite utility streams, Pareto.

JEL CLASSIFICATION. D60, D63.