This paper develops a simple model of optimal growth with renewable resource and endogenous discounting. Relaxing the time-additivity preference hypothesis allows to make endogenous the rate of time preference and to reconsider the dynamics of models with concave resource. The possibility of...

We propose an ethical viewpoint based on the possibility of the realization of the worst-case scenario in order to reduce future generations risks in terms of discounting. Applied to the question of conservation of a renewable resource, we show that an economy, where the social planner takes...