In this paper, we analyze how to utilize discount rates in intergenerational projects. Firstly, neoclassical decision-making is depicted in Ramsey and overlapping-generations models (OLG-models). Afterwards we investigate the utilization of time preference rates and opportunity cost rates in an...

This paper analyses the choice of an inter-generational discount rate as well as a method for inter-generational discounting. It is shown that the pure time preference rate is irrelevant for inter-generational comparisons. However, the application of the growth time preference rate - with...

Ecological damages have to be evaluated in monetary terms for implementation in an economic analysis. Economic theory is based upon individual preferences (methodological individualism): Ecological damages can only be socially evaluated when individual values are available. However, in sharp...

This paper investigates the sustainability of the German economy when reaching the Kyoto emissions reduction target. We use a special intergenerational discounting technique which actually takes into account intergenerational peculiarities in an overlapping generations modeling framework which...

Indicators based on spillover coefficients contribute to the characterization of reciprocal externality fields. Such indicators can describe both quantity and structure aspects of diffiision schemes. In this paper the significance of spillover coefficients and corresponding indicators for...

Externe Effekte zwischen Wirtschaftssubjekten spielen in der Ökonomie eine herausragende Rolle. Solche durch wirtschaftliche Aktivität verursachten Externalitäten wirken auf das Wohlfahrtsniveau Dritter ein, ohne daß dafür eine marktliche Kompensation erfolgen würde. Die vorliegende...

We investigate the systematic intergenerational discounting of climate policy on basis of the neo-classical benefit-cost analysis. Reference point is the Ramsey-rule which results from optimal growth theory. The agents live infinitely long. This signifies that intergenerational comparisons do...

Ausgehend von den institutionellen Grundlagen des JI-Konzeptes wird in diesem Aufsatz das Optimalverhalten der Jl-Parteien unter alternativen Regimebedingungen untersucht. Es wird zwischen staatlichen und privaten Investoren und zwischen dem gebundenen und dem ungebundenen Land (Vor-reiter)...