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 …

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 …

of these findings for the debate upon discounting and sustainability under uncertainty. …

of these findings for the debate upon discounting and sustainability under uncertainty. Ce texte étudie la différence …

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 …

aspects of time discounting: (i) impatience, measured by the overall discount rate; (ii) present bias, measured by the degree …