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, creates conflicts between short-term considerations a discounting scheme has to be consistent with observed behaviours and … long-term ethical issues a discounting scheme must not favour the current generation over future ones. To overcome this … conflict, the present article proposes a prescriptive consumption discounting scheme that applies different discount rates (i …
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We analyze the role of "the" utility discount rate and its implications to generation-specific and societal altruism and egoism, respectively, in a neoclassical framework. It is worked out clearly, that two different utility discount rates have to be distinguished: An (inverse)...
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the Stern-Nordhaus Debate -- Intergenerational Discounting and Overlapping Generations Models -- Intergenerational … Discounting in the DICE Model. …In this thesis, Orlando Zaddach applies a discounting scheme derived by Krysiak (2010) in the latest DICE model and …
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We present a two-good, two-country overlapping generations model where emissions arise from production and each country has a domestic emission permit system. When one country unilaterally reduces her cap on emissions, her output available for domestic and foreign consumption diminishes more...
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