-generational discounting. It is shown that the pure time preference rate is irrelevant for inter-generational comparisons. However, the … maximisation. Opportunity costs should be taken into account not by discounting with their internal rate of return, but by … time preference approach. These considerations lead us to the formulation of a new discounting technique, "Generation …

adjusted OLG-discounting method of consumption units, taking into consideration intra- and intergenerational aspects. At the …