In a laboratory experiment we investigate inter-generational concerns and myopia in a dynamic Public Good game. Groups of four played a 15-period game where they could either invest in a green sector or in a more profitable brown sector that builds a pollution stock. We find that subjects are...

Bei der Nutzung von Umwelt und Natur konkurriert die heutige Generation mit zukünftigen Generationen. Mineralische Brennstoffe wie Erdöl, die wir heute verwenden, sind in der Zukunft nicht mehr vorhanden, metallische Rohstoffe lediglich durch die Wiederverwendung teilweise zurückgewinnbar....

The estimated values to society from long-term public projects, including climate change mitigation and infrastructure construction, are highly sensitive to the social discount rate (SDR) employed. Governmental guidance on social discounting has predominantly been based on input from expert...

"To explain the extremely long-term persistence (more than 500 years) of positive historical experiences of cooperation (Putnam 1993), we model the intergenerational transmission of priors about the trustworthiness of others. We show that this transmission tends to be biased toward excessively...