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This paper studies the restrictions on consumption, portfolio choice, and social discounting implied by a sustainability constraint, that utility should not be expected to decline over time, in an economy with risky investment opportunities. The sustainability constraint does not distort...
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considered and the level of risk aversion of the decision maker. With respect to the technology competitiveness, photovoltaic is … uncertainty. Although wind technology is currently more competitive than wave, except for high-risk averse decision …
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