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Impatience and Uncertainty : Experimental Decisions Predict Adolescents' Field Behavior
Sutter, Matthias - 2011
eighteen years, in an incentivized experiment and relate experimental choices to field behavior. Experimental measures of …
Persistent link: https://www.econbiz.de/10013118350
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Coordination with Differential Time Preferences : Experimental Evidence
Agranov, Marina; Kim, Jeongbin; Yariv, Leeat - 2023
experimentally the effects of discounting differentials in infinitely repeated coordination games. In our data, differential discount …. Introducing even small discounting differentials reduces coordination failures significantly. Second, with pronounced discounting …
Persistent link: https://www.econbiz.de/10014348138
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Discounting in the Presence of Scarce Ecosystem Services
Zhu, Xueqin - 2019
Discounting has to take account of ecosystem services in consumption and production. Previous literature focuses on the …
Persistent link: https://www.econbiz.de/10012892067
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On Differentiated Carbon Prices and Discount Rates
Anthoff, David; Dennig, Francis; Emmerling, Johannes - 2021
inefficient policy prescriptions and, furthermore, has the particularly undesirable consequence of incorrectly discounting future …
Persistent link: https://www.econbiz.de/10013215895
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Arbitrage Pricing Theory, the Stochastic Discount Factor and Estimation of Risk Premia from Portfolios
Pesaran, M. Hashem; Smith, Ron - 2021
The arbitrage pricing theory (APT) attributes differences in expected returns to exposure to systematic risk factors …
Persistent link: https://www.econbiz.de/10013233142
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Discounting and Climate Policy
van der Ploeg, Rick - 2020
The social rate of discount is a crucial driver of the social cost of carbon (SCC), i.e. the expected present discounted value of marginal damages resulting from emitting one ton of carbon today. Policy makers should set carbon prices to the SCC using a carbon tax or a competitive permits...
Persistent link: https://www.econbiz.de/10012827663
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Philosphers and Economists Can Agree on the Intergenerational Discount Rate and Climate Policy Paths
Nesje, Frikk; Drupp, Moritz A.; Freeman, Mark C.; Groom, Ben - 2022
construction, are highly sensitive to the social discount rate (SDR) employed. Governmental guidance on social discounting has …
Persistent link: https://www.econbiz.de/10014077004
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Intertemporal Utility with Heterogeneous Goods and Constant Elasticity of Substitution
Quaas, Martin - 2020
-specific intertemporal substitutability. This is, for example, relevant for dual discounting of market and non-market goods …
Persistent link: https://www.econbiz.de/10012844425
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Collective Choice with Heterogeneous Time Preferences
Pakhnin, Mikhail - 2021
allows us to clarify the issue of dynamic inconsistency and relate it to simple properties of discounting. We distinguish …
Persistent link: https://www.econbiz.de/10013222212
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Time Preferences Over the Life Cycle and Household Saving Puzzles
Kureishi, Wataru; Paule-Paludkiewicz, Hannah; … - 2021
cycle. Decreasing discounting helps a canonical life-cycle model to explain the household saving puzzles of undersaving when … young and oversaving after retirement. Relative to the model with constant discounting, the model’s fit to consumption and …
Persistent link: https://www.econbiz.de/10013239561