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http://hdl.handle.net/10419/47523
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| Title: | | Intergenerational discounting: A new approach  |
| 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. |
| Subjects: | | Discounting Time Preference Rate Opportunity Cost Rate Overlapping Generations |
| JEL: | | D5 D6 D9 H4 O1 Q2 Q3 |
| 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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