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Title:Intergenerational discounting: A new approach PDF Logo
Authors:Bayer, Stefan
Issue Date:1998
Series/Report no.:Tübinger Diskussionsbeiträge 145
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.
Time Preference Rate
Opportunity Cost Rate
Overlapping Generations
Persistent Identifier of the first edition:urn:nbn:de:bsz:21-opus-21511
Document Type:Working Paper
Appears in Collections:Tübinger Diskussionsbeiträge, Universität Tübingen

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