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研究生:許文泰
研究生(外文):Wen-Tai Hsu
論文名稱:跨期福利的期望值,生存率折現與永續性
論文名稱(外文):Expected Intertemporal Welfare, Survival Rate Discounting, and Sustainability
指導教授:黃有光黃有光引用關係古慧雯古慧雯引用關係
指導教授(外文):Yew-Kwang NgHui-Wen Koo
學位類別:碩士
校院名稱:國立臺灣大學
系所名稱:經濟學研究所
學門:社會及行為科學學門
學類:經濟學類
論文種類:學術論文
論文出版年:2002
畢業學年度:90
語文別:英文
論文頁數:48
中文關鍵詞:跨期福利判準生存率折現絕種機率永續性綠色黃金法則個人主義倫理人文主義倫理
外文關鍵詞:intertemporal welfare criteriasurvival rate discountingextinction probabilitysustainabilitygreen golden ruleindividualistic ethicshumanistic ethics
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黃有光(2002)提出一個跨期的社會福利函數,其中他以生存率作為折現因子 (discount factor)。他並證明,當不存在率 (nonsurvival rate)為半常數 (semi-constant)時,該跨期福利函數(生存率折現, survial rate discounting)值就會收斂。給定人文主義倫理與個人主義倫理兩個道德判斷之下,本文從跨期福利的期望值出發,提供生存率折現的另一個證明。此外,當人類的絕種機率分配的期望值為有限值的時候,
生存率折現的目標函數值就會收斂。這個條件較之黃有光(2002)所給的更為寬鬆。本文並初步探究生存率折現在永續性 (sustainability)理論上的意涵。

Ng(2002) proposed an intertemporal welfare objective with effective discountingusing the survival rate as the discount factor. He also proved that the value of the objective converges when the nonsurvival risk is semiconstant. However, as I shall show in the thesis, once we are conscious of the possibility of human extinction, we may have an objective as the expectation of a social welfare function, whatever defined.
And Ng's criterion is in fact an `expected Benthamite intertemporal social welfare function'.Moreover, the value of the objective converges if the expected date of extinction is
finite. The implications of the survival rate discounting are further explored. Chichilnisky(1996)'s axioms of nondictatorship is not consistent with the survival rate
discounting. Heal(1998)'s logarithmic discounting and Green Golden Rule is probably not justifiable. For the issue of how to choose an intertemporal welfare criterion and how to choose a
discount rate, the answers depends on the estimation of the extinction probability.

1 Introduction
1.1 Extinction probability
1.Intertemporal welfare criteria: a survey
1.3 The reformulation and implications of the survival rate discounting
2 Expected ntertemporal welfare and the survival rate discounting
2.1 Expected intertemporal welfare
2.2 The equivalence
2.3 Finite expected date of extinction
2.4 Infinite expected date of extinction
3 Implications of the survival rate discounting
3.1 Ethical judgments or empirical evidence:A discussion on Chichilnisky's criterion
3.2 On the issue of choosing a discount rate
3.3 Exogenous probability and the Green Golden Rule
4 Concluson

Anand S and Sen A. (2000). "Human development and economic
sustainability." World-Development 28(12), 2029-49.
Chichilnisky G. (1996). "An axiomatic approach to sustainable development." Social Choice and Welfare 13: 231-257. Reprinted in Chichilnisky, Mathematical Economics. Volume 2, Cheltenham, U.K. and Northampton, Mass.: Elgar, 1998.
Dasgupta, Partha S. and Geoffrey M. Heal. (1979), Economic Theory and Exhaustible Resources. Cambridge, England: Cambridge University Press, 1979.
Harsanyi, John C. (1955)
"Cardinal Welfare, Individualist Ethics and Interpersonal Comparisons of Utility" The Journal of Political Economy, Vol 63, Issue 4, Aug. 1955, 309-321.
Heal, Geoffrey M. (1998) Valuing the Future: Economic Theory and Sustainability. Columbia University Press.
Heal, Geoffrey M. (2001). "Intertemporal welfare economics and the environment" http:\\www.gsb.columbia.edu\backslash\faculty\gheal
Hotelling, Harold. (1931). "The economics of exhaustible resources." Journal of Political Economy, 39, 137-75.
Koopmans, Tjalling. (1960). "Stationary ordinal utility and impatience." Econometrica , 28: 287-309.
Lowenstein, George and Drazen Prelec. (1992). "Anomalies in intertemporal choice: evidence and an interpretation." In George Lowenstein and Jon Elster eds., Choice over time. New York: Russel Sage Fundation.
Ng, Yew-Kwang. (1982) "Beyond Pareto optimality: the necessity of interpersonal cardinal utilities in distributional judgements and social choice", Zeitschrift fur Nationalokonomie, 1982, 42(3): 207-233.
Ng, Yew-Kwang. (1989). "What should we do about future generations? The impossibility of Parfit's theory X", Economics and Philosophy, 1989, 5: 135-253.
Ng, Yew-Kwang. (2002). "Intertemporal impartial welfare maximization: Replacing discounting with probability weighting." Monash University Economics Discussion
Papers No. 07/02.
Ng Yew-Kwang \& Wills, Ian. (2002). "Welfare economics and sustainable development." Theme 1.21 of Encyclopedia of Life Support Systems, UNESCO and Eolss Publishers, Oxford, U.K.
Ramsey F.P. (1928). "A mathematical theory of saving."
Economic Journal 38, 543-59.
Solow, Robert M (1974). "Intergenerational equity and exhaustible resources." Review of Economic Studies, Symposium, pp.29-45.
Weizs\"acker C.C. von (1965). "Existence of optimal programs of accumulation for an infinite time horizon." Review of Economic Studies 32, 85-104.

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