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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.
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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