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EconStor >
ifo Institut – Leibniz-Institut für Wirtschaftsforschung an der Universität München >
CESifo Working Papers, CESifo Group Munich >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/26402
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Buchholz, Wolfgang | | en_US |
| dc.contributor.author | | Schumacher, Jan | | en_US |
| dc.date.accessioned | | 2008-09-08 | | en_US |
| dc.date.accessioned | | 2009-07-28T08:31:26Z | | - |
| dc.date.available | | 2009-07-28T08:31:26Z | | - |
| dc.date.issued | | 2008 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/26402 | | - |
| dc.description.abstract | | In this paper, we reconsider the debate on Weitzman's (1998) suggestion to discount the long-run future at the lowest possible rate, referring to Gollier (2004) and Hepburn & Groom (2007). We show that, while Weitzman's use of the present value approach may indeed seem questionable, its outcome, i.e. a discount rate that is declining over time, is nevertheless reasonable, since it can be justified by assuming a plausible degree of risk aversion. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | CESifo München | | en_US |
| dc.relation.ispartofseries | | CESifo working paper 2357 | | en_US |
| dc.subject.jel | | D40 | | en_US |
| dc.subject.jel | | E43 | | en_US |
| dc.subject.jel | | Q51 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | Discount rates | | en_US |
| dc.subject.keyword | | uncertainty | | en_US |
| dc.subject.keyword | | risk aversion | | en_US |
| dc.subject.stw | | Abzinsung | | en_US |
| dc.subject.stw | | Intertemporale Allokation | | en_US |
| dc.subject.stw | | Entscheidung bei Unsicherheit | | en_US |
| dc.subject.stw | | Risikoaversion | | en_US |
| dc.subject.stw | | Theorie | | en_US |
| dc.title | | Discounting the long-distant future: a simple explanation for the Weitzman-Gollier-puzzle | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 577091581 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | - |
| Appears in Collections: | | CESifo Working Papers, CESifo Group Munich
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