@techreport{Bayer1998Intergenerational,
abstract = {In this paper, we analyze how to utilize discount rates in intergenerational projects. Firstly, neoclassical decision-making is depicted in Ramsey and overlapping-generations models (OLG-models). Afterwards we investigate the utilization of time preference rates and opportunity cost rates in an intergenerational framework. The results lead us to the formulation of an adjusted OLG-discounting method of consumption units, taking into consideration intra- and intergenerational aspects. At the end of our paper, we draw some conclusions concerning environmental and resources policy, and sustainability.},
address = {T\"{u}bingen},
author = {Stefan Bayer},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {D5; D6; D9; H4; O1; Q2; Q3; 330; Discounting; Time Preference Rate; Opportunity Cost Rate; Overlapping Generations; Zeitpr\"{a}ferenz; Overlapping Generations; Opportunit\"{a}tskosten; Abzinsung; Umwelt\"{o}konomik; Theorie},
language = {ger},
note = {urn:nbn:de:bsz:21-opus-21511},
number = {145},
publisher = {Wirtschaftswiss. Seminar},
title = {Intergenerational discounting: A new approach},
type = {T\"{u}binger Diskussionsbeitr\"{a}ge},
url = {http://hdl.handle.net/10419/47523},
year = {1998}
}
