We analyze a macroeconomic model with intergenerational equity considerations and spatial spillovers, which gives rise to a multicriteria optimization problem. Intergenerational equity requires to add in the definition of social welfare a long run sustainability criterion to the traditional discounted utilitarian criterion. The spatial structure allows for the possibility of heterogeneiity and spatial diffusion implies that all locations within the spatial domain are interconnected via spatial spillovers. We rely on different techniques (scalarization, ϵ-constraint method and goal programming) to analyze such a spatial multicriteria problem, relying on numerical approaches to illustrate the nature of the trade-off between the discounted utilitarian and the sustainability criteria.
Sustainability and Spatial Spillovers in a Multicriteria Macroeconomic Model
Simone Marsiglio
2022-01-01
Abstract
We analyze a macroeconomic model with intergenerational equity considerations and spatial spillovers, which gives rise to a multicriteria optimization problem. Intergenerational equity requires to add in the definition of social welfare a long run sustainability criterion to the traditional discounted utilitarian criterion. The spatial structure allows for the possibility of heterogeneiity and spatial diffusion implies that all locations within the spatial domain are interconnected via spatial spillovers. We rely on different techniques (scalarization, ϵ-constraint method and goal programming) to analyze such a spatial multicriteria problem, relying on numerical approaches to illustrate the nature of the trade-off between the discounted utilitarian and the sustainability criteria.File | Dimensione | Formato | |
---|---|---|---|
Kunze LaTorre Marsiglio - 2020.pdf
accesso aperto
Tipologia:
Documento in Pre-print
Licenza:
Creative commons
Dimensione
831.81 kB
Formato
Adobe PDF
|
831.81 kB | Adobe PDF | Visualizza/Apri |
I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.