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Diskontraten: Endogen oder nicht endogen? / Disounting: Endogenous or not Endogenous?: Eine umweltrelevante Fragestellung / Implications for the Environment

Karen Pittel

Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), 2005, vol. 225, issue 4, 441-458

Abstract: This paper explores implications that arise for growth and environmental policy when discount rates are endogenous. Standard growth models usually assume discount rates to be independent of any economic or environmental considerations. In our paper we argue that discount rates depend upon the state of the environment.

Keywords: Endogenous discounting; endogenous growth; sustainability (search for similar items in EconPapers)
Date: 2005
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