Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/47523
Authors: 
Bayer, Stefan
Year of Publication: 
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: 
Document Type: 
Working Paper

Files in This Item:
File
Size
127.22 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.