Ecological discounting

DOI10.1016/J.JET.2009.10.001zbMATH Open1238.91112OpenAlexW4240741370MaRDI 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

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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)

Cites Work

• Title not available (Why is that?)
• Risk Aversion in the Small and in the Large
• Inequalities for distributions with given marginals
• Standard Risk Aversion
• Capital Accumulation and Efficient Allocation of Resources
• The consumption-based determinants of the term structure of discount rates
• Time horizon and the discount rate.

Cited In (11)

• Time horizon and the discount rate.
• On multivariate prudence
• Title not available (Why is that?)
• Labor supply with stochastic wage rate and non-labor income uncertainty
• Sustainability revisited
• A NOTE ON THE CONSEQUENCES OF AN ENDOGENOUS DISCOUNTING DEPENDING ON THE ENVIRONMENTAL QUALITY
• Intertemporal utility with heterogeneous goods and constant elasticity of substitution
• Biological time value
• Discounting the distant future: How much do uncertain rates increase valuations?
• Optimal saving and health prevention
• Benchmark values for higher order coefficients of relative risk aversion

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