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is characterized by envy-guilt asymmetry in discounting with respect to future generations' utility: Higher utility than … future generations' utility is discounted differently than lower utility than future generations' utility. This offers a …
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these models and argue that preferences of a decision maker should be represented by a sequence of utility functions. This …
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This paper investigates the impact of Social Discount Rate (SDR) choice on intergenerational equity issues caused by Public-Private Partnerships (PPPs) projects. Indeed, more PPPs mean more debt being accumulated for future generations leading to a fiscal deficit crisis. The paper draws on how...
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I review the complex welfare economic issues that arise in environmental decision-making over very long periods, as in cases relating to climate change and biodiversity loss. I also consider the issues that arise in choosing a discount rate to apply to very long-run projects and indicate how...
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