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Kompletter Metadatensatz
DublinCore-Feld | Wert | Sprache |
---|---|---|
dc.contributor.author | Buchholz, Wolfgang | en |
dc.contributor.author | Schumacher, Jan | en |
dc.date.accessioned | 2008-09-08 | - |
dc.date.accessioned | 2009-07-28T08:31:26Z | - |
dc.date.available | 2009-07-28T08:31:26Z | - |
dc.date.issued | 2008 | - |
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 |
dc.language.iso | eng | en |
dc.publisher | |aCenter for Economic Studies and ifo Institute (CESifo) |cMunich | en |
dc.relation.ispartofseries | |aCESifo Working Paper |x2357 | en |
dc.subject.jel | D40 | en |
dc.subject.jel | E43 | en |
dc.subject.jel | Q51 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | Discount rates | en |
dc.subject.keyword | uncertainty | en |
dc.subject.keyword | risk aversion | en |
dc.subject.stw | Abzinsung | en |
dc.subject.stw | Intertemporale Allokation | en |
dc.subject.stw | Entscheidung bei Unsicherheit | en |
dc.subject.stw | Risikoaversion | en |
dc.subject.stw | Theorie | en |
dc.title | Discounting the long-distant future: a simple explanation for the Weitzman-Gollier-puzzle | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 577091581 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
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