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Generation Adjusted Discounting in Long-term Decision-making
Bayer, Stefan - 2000
Wir analysieren die Vorgehensweise bei der Diskontierung langfristiger Projekte. Unsere Untersuchungen zur reinen … formulation of an adjusted OLG-discounting method (GAD) of consumption units, taking into consideration intra- and …
Persistent link: https://www.econbiz.de/10009475364
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Sequential Search With Ordinal Ranks and Cardinal Values: An Infinite Discounted Secretary Problem
Palley, Asa Benjamin - 2009
We consider an extension of the classical secretary problem where a decision maker observes only the relative ranks of a sequence of up to N applicants, whose true values are i.i.d. U[0,1] random variables. Applicants arrive according to a homogeneous Poisson Process, and the decision maker...
Persistent link: https://www.econbiz.de/10009450709
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Frames of Mind in Intertemporal Choice
Loewenstein, George - 1988
expressed. Kahneman and Tversky's Prospect Theory (1979) explains many of these "framing" effects as shifts in the point of …
Persistent link: https://www.econbiz.de/10009441007
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Discounting the Distant Future: How Much Do Uncertain Rates Increase Valuations?
Newell, Richard G.; Pizer, William A. - 2001
,000 relative to conventional discounting. Applying the random walk model to the consequences of climate change, we find that …
Persistent link: https://www.econbiz.de/10009446677
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Discounting Nordhaus
Michl, Thomas R. - 2008
growth theory. Nordhaus argues that the Stern Review exaggerates the effects of global warming because it uses a discount … rate that is well below the market rate of return on capital. From the perspective of classical growth theory, Nordhaus … agents. The classical theory of growth interprets the market return to capital as a reflection of the property relations of …
Persistent link: https://www.econbiz.de/10009468160
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Intergenerational Discounting: A new Approach
Bayer, Stefan; Cansier, Dieter - 1998
adjusted OLG-discounting method of consumption units, taking into consideration intra- and intergenerational aspects. At the …
Persistent link: https://www.econbiz.de/10009475344
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From the Informal to the Formal Sector: Micro-enterprises in a developing economy – research in progress
Dalglish, Carol L. - 2007
Small and micro-enterprises play a significant part in most economies. However, in developing countries these enterprises have tended to be looked at from a development, or poverty alleviation perspective, rather than as potentially growing businesses. This paper explores the possibility of...
Persistent link: https://www.econbiz.de/10009437548
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Welfare and Distribution Effects of Water Pricing Policies
Ruijs, Arjan - 2007
In this paper, distribution and welfare effects of changes in block price systems are evaluated. A method is discussed to determine, for a Marshallian demand function, equivalent variation in case of a block price system. The method is applied to analyze welfare and distribution effects of...
Persistent link: https://www.econbiz.de/10009443177
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SOME ECONOMIC ASPECTS OF THE HUNGARIAN BIOFUEL PROGRAMS
Lakner, Zoltan; Szabo-Burcsi, Dora; Mago, Laszlo - 2010
The use of renewable materials in energy production is gaining in importance all over the world. The production of bioethanol and biodiesel is an important element of the agricultural strategy of numerous countries, even though the economic and environmental impact of these projects is subject...
Persistent link: https://www.econbiz.de/10009443738
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Welfare economics of conventional vs. alternative agriculture
Schamel, Guenter - 2003
We develop a agricultural model assuming that conventional production is causing environmental externalities while more benign alternative production methods generate non-market amenity benefits and obtain a price premium in the marketplace. We analyze policies targeting external benefits and...
Persistent link: https://www.econbiz.de/10009446322