Endogenous Future Preferences and Conservation

Maria Cunha-E-Sá () and Clara Costa-Duarte ()

Environmental & Resource Economics, 2000, vol. 16, issue 2, 253-262

Abstract: A dynamic optimization model is developed in whichuncertainty about future preferences is endogenous,namely depending on the state of the environment atthe time the change in preferences occurs.Endogeneizing preferences not only provides economicintuition to previous results but also implies thatoptimal policies are less conservative. Copyright Kluwer Academic Publishers 2000

Keywords: endogenous future preferences; stock of the environmental asset; uncertainty (search for similar items in EconPapers)
Date: 2000
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DOI: 10.1023/A:1008361604063

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