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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...
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reflecting on orthodox neoclassical economics, I argue that it is the normative character of neoclassical theory which stands in … Theorie sozialer Felder zu analysieren. … certain strands of the new economic sociology are up to the challenge. Using the toolkit provided by the theory of social …
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