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Sneum, Daniel Møller; Soysal, Emilie Rosenlund; Nesje, … - 2023

forecasted energy prices. Using Danish guidelines as a case study, we explore the discounting assumptions in these input prices …

Persistent link: https://www.econbiz.de/10014383298

Discounting in an uncertain world : disentangling the debate on the Weitzman-Gollier puzzle

Buchholz, Wolfgang - 2014

Under conditions of risk it makes a difference whether the discount rate is determined as an expected present or as an expected future value. This difference which is dubbed as the Weitzman-Gollier puzzle has stimulated an intensive discussion which, however, is somewhat confusing. In this paper...

Persistent link: https://www.econbiz.de/10010412052

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/10012602352

Intergenerational discounting and inequality

Nesje, Frikk; Piacquadio, Paolo G. - 2025

We study all theories of justice that disentangle ethical views on intergenerational discounting and intergenerational … inequality. Each “modular” social welfare function is uniquely identified by a time-discounting function—capturing attitudes … properties and establishes the limits of disentangling discounting and inequality. Our theories include as special cases the most …

Persistent link: https://www.econbiz.de/10015186356

Optimal growth and impatience : a phase diagram analysis

Chang, Fwu-ranq (contributor) - 2004

In this paper we show that we can replace the assumption of constant discount rate in the onesector optimal growth model with the assumption of decreasing marginal impatience without losing major properties of the model. In particular, we show that the steady state exists, is unique, and has a...

Persistent link: https://www.econbiz.de/10002523969

The consumption-based determinants of the term structure of discount rates

Gollier, Christian (contributor) - 2005

The efficient rate of return of a zero-coupon bond with maturity t is determined by our expectations about the mean (+), variance (-) and skewness (+) of the growth of aggregate consumption between 0 and t. The shape of the yield curve is thus determined by how these moments vary with t. We...

Persistent link: https://www.econbiz.de/10002572161

Investment policy for time-inconsistent discounters

Harstad, Bård - 2013

as do the principal and he obtains full property rights to the future returns. With geometric discounting, there would be …-hyperbolic discounting, the optimal subsidy is unrelated to this level. With discount rates that are strictly decreasing in relative time …

Persistent link: https://www.econbiz.de/10010223357

How should the distant future be discounted when discount rates are uncertain?

Gollier, Christian; Weitzman, Martin L. - 2009

It is not immediately clear how to discount distant-future events, like climate change, when the distant-future discount rate itself is uncertain. The so-called "Weitzman-Gollier puzzle" is the fact that two seemingly symmetric and equally plausible ways of dealing with uncertain future discount...

Persistent link: https://www.econbiz.de/10003910677

Driven by the discount factor : impact of mergers on market performance in the semiconductor industry

Harris, Jeremiah; Siebert, Ralph - 2015

This study investigates the impact of firm-specific discount factors on merger formation and market performance. We estimate firm-specific discount factors for 228 publicly traded and privately held firms operating in the semiconductor market and apply a heterogeneous treatment effects model...

Persistent link: https://www.econbiz.de/10010479370

Time inconsistency and retirement choice

Scott, Findley, T.; Caliendo, Frank - 2015

Hyperbolic discounting with naiveté is widely believed to provide a better explanation than exponential discounting of …

Persistent link: https://www.econbiz.de/10010479952