@article{Woodward:24014,
      recid = {24014},
      author = {Woodward, Richard T.},
      title = {SUSTAINABILITY AS INTERGENERATIONAL FAIRNESS},
      address = {1999},
      number = {1413-2016-117484},
      series = {Faculty Paper Series FP 00-4},
      pages = {27},
      year = {1999},
      abstract = {This paper presents an economic model of sustainability  defined as intergenerational fairness.  Assuming that  intergenerational fairness is an obligation of each  generation, a recursive optimization problem is obtained.   The problem has the advantage that uncertainty can readily  be incorporated in the model and it can be solved  numerically for a wide range of specifications.  The  possibility of tradeoffs between efficiency and  sustainability are discussed.  Under plausible conditions,  it is show that a sustainability obligation is met only if  there is the expectations of economic growth.},
      url = {http://ageconsearch.umn.edu/record/24014},
      doi = {https://doi.org/10.22004/ag.econ.24014},
}