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Ramsey discounting of ecosystem services
Baumgärtner, Stefan; Klein, Alexandra-Maria; Thiel, Denise - 2013
Most ecosystem services, which are essential for human well-being, are globally declining, while the production of consumption goods, measured by GDP, is still growing. To adequately account for this opposite development in public cost-benefit analyses, it has been proposed - based on a...
Persistent link: https://www.econbiz.de/10010187850
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Intergenerational discounting and inequality
Nesje, Frikk; Piacquadio, Paolo G. - 2025
We study all theories of justice that disentangle ethical views on intergenerational discounting and intergenerational … inequality. Each “modular” social welfare function is uniquely identified by a time-discounting function—capturing attitudes … properties and establishes the limits of disentangling discounting and inequality. Our theories include as special cases the most …
Persistent link: https://www.econbiz.de/10015186356
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Dynamically consistent intergenerational welfare
Mononen, Lasse - 2024
is characterized by envy-guilt asymmetry in discounting with respect to future generations' utility: Higher utility than …
Persistent link: https://www.econbiz.de/10014475252
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Deriving values of the social rate of time preference
Parker, Chris - 2025
Ramsey equation. It uses the Weitzman (1998) method to derive a declining discount rate schedule of 2% (real) for years 1 …
Persistent link: https://www.econbiz.de/10015192267
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Good or bad, we want it now : fixed-cost present bias for gains and losses explains magnitude asymmetries in intertemporal choice
Hardisty, David J.; Appelt, Kirstin C.; Weber, Elke U. - In: Journal of behavioral decision making 26 (2013) 4, pp. 348-361
Persistent link: https://www.econbiz.de/10010196968
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Time discounting, present biases, and health-related behavior
Kang, Myong-Il; Ikeda, Shinsuke - 2013
aspects of time discounting: (i) impatience, measured by the overall discount rate; (ii) present bias, measured by the degree …
Persistent link: https://www.econbiz.de/10009791179
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Heterogeneity in time preference in older households
Bozio, Antoine; Laroque, Guy; O'Dea, Cormac - 2013
This paper suggests a method for estimating the distribution of discount rates using panel data on income and wealth … used to estimate the discount rates of households. We show that there is substantial heterogeneity in discounting behaviour …
Persistent link: https://www.econbiz.de/10009689923
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The effect of optimism bias on time preference
Shavit, Tal - In: Economics and Business Letters : EBL 2 (2013) 3, pp. 128-133
Persistent link: https://www.econbiz.de/10010347093
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Cross-border commuting and migration intentions : the roles of risk aversion and time preference
Nowotny, Klaus - In: Contemporary economics 8 (2014) 2, pp. 137-156
This article analyses the effects of individual risk aversion and time preference on cross-border mobility intentions using a theoretical and empirical model. The paper extends the previous literature by considering both cross-border commuting and migration as modes of mobility. The theoretical...
Persistent link: https://www.econbiz.de/10010406276
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Trading off generations : infinitely-lived agent versus OLG
Schneider, Maik T.; Traeger, Christian; Winkler, Ralph - 2010 - This version: March 2010
The prevailing literature discusses intergenerational trade-offs predominantly in infinitely-lived agent models despite the finite lifetime of individuals. We discuss these trade-offs in a continuous time OLG framework and relate the results to the infinitely-lived agent setting. We identify...
Persistent link: https://www.econbiz.de/10008746466