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as do the principal and he obtains full property rights to the future returns. With geometric discounting, there would be …-hyperbolic discounting, the optimal subsidy is unrelated to this level. With discount rates that are strictly decreasing in relative time …
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discounting, we establish conditions under which the Porter hypothesis goes through, i.e. environmental regulation increases R …
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This paper considers the relationship between natural resource management and poverty by analysing a specific example: an inland fishery in Bangladesh. The analysis involves substantial extensions to standard models and allows the simulation of market distortions and alternative management...
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In this paper, we extend the well known result that hyperbolically discounting agents tend to postpone costs into the … hyperbolic discounting in cost-benefit analysis and gives rise to concern, as it is consistent with unsatisfactory policy …
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