Ecological discounting

DOI10.1016/J.JET.2009.10.001zbMATH1238.91112OpenAlexW4240741370MaRDI QIDQ969129FDOQ969129

Authors Christian Gollier

Publication date 11 May 2010

Published in Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.jet.2009.10.001

zbMATH Keywords

prudencebivariate utility functiondiscountingsustainable developmentRamsey rule

Mathematics Subject Classification ID

Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76) Interest rates, asset pricing, etc. (stochastic models) (91G30)

Recommendations

• On the ``environmental discount rate
• Discounting and ideas of intergenerational equity and sustainability
• Discounting with fat-tailed economic growth
• Sustainability revisited
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Cites work

• scientific article; zbMATH DE number 1134711 (Why is no real title available?)
• Capital Accumulation and Efficient Allocation of Resources
• Inequalities for distributions with given marginals
• Risk Aversion in the Small and in the Large
• Standard Risk Aversion
• The consumption-based determinants of the term structure of discount rates
• Time horizon and the discount rate.

Cited in

(13)

• Time horizon and the discount rate.
• Sustainability revisited
• Discounting the distant future: How much do uncertain rates increase valuations?
• Planetary boundaries of consumption growth: declining social discount rates
• Labor supply with stochastic wage rate and non-labor income uncertainty
• Intertemporal utility with heterogeneous goods and constant elasticity of substitution
• scientific article; zbMATH DE number 2000112 (Why is no real title available?)
• Biological time value
• On multivariate prudence
• Optimal saving and health prevention
• Benchmark values for higher order coefficients of relative risk aversion
• A generalization of Ramsey rule on discount rate with regime switching
• A NOTE ON THE CONSEQUENCES OF AN ENDOGENOUS DISCOUNTING DEPENDING ON THE ENVIRONMENTAL QUALITY

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