Go to content
UR Home

Discounting and Welfare Analysis Over Time: Choosing the η

URN to cite this document:
urn:nbn:de:bvb:355-epub-96137
Buchholz, Wolfgang ; Schumacher, Jan



Abstract

Based on the Ramsey equation and an ethically motivated rejection of pure utility time discount, the Stern Review on the Economics of Climate Change concentrates on the use of the elasticity of marginal utility η in the intergenerational social welfare function. We support this position by showing that, also from the view point of sustainability, application of η is preferable to the use of the ...

plus


Owner only: item control page
  1. Homepage UR

University Library

Publication Server

Contact:

Publishing: oa@ur.de

Dissertations: dissertationen@ur.de

Research data: daten@ur.de

Contact persons