Endress, Lee H.; Pongkijvorasin, Sittidaj; Roumasset, James - University of Hawai'i Economic Research Organization … - 2013
Among the ethical objections to intergenerational impartiality is the violation of consumer sovereignty given that individuals are impatient. We accommodate that concern by distinguishing intra- and inter-generational discounting in an OLG model suitable for analyzing sustainability issues....