discounting environment consumption with an environmental discount rate instead of a consumption discount rate that is usually … used in cost-benefit analysis. The present study clarifies that whether or not this dual-rate discounting approach succeeds …

discounting environment consumption with an environmental discount rate instead of a consumption discount rate that is usually … used in cost-benefit analysis. The present study clarifies that whether or not this dual-rate discounting approach succeeds …

In this paper I propose a time-consistent method of discounting hyperbolically and apply it to three canonical … then compare results with those for conventional exponential discounting using the normalization that both methods provide …, time-consistent hyperbolic discounting leads always to a steady state of maximum yield, or, if the environment enters the …

In this paper I propose a time-consistent method of discounting hyperbolically that contains the discount rate implied … by Gamma discounting as a special case. I apply the discounting method to three canonical environmental problems: (i … with those for conventional exponential discounting using the normalization that both methods provide the same present …

thereafter, which is inconsistent with exponential discounting but consistent with hyperbolic discounting. The implied marginal … rate of time preference declines and then rises. Estimates of the quasi-hyperbolic discounting parameter range from 0.48 to …

discounting to adopt. Especially the quantitative results of Integrated Assessment Models have been subject to controversy because … of their strong sensitivity on future discounting. Many economic analysts advocate employing a descriptive time … encourage assuming a prescriptive time discounting, allowing them - by taking low discount values - to model a sustainable use …