Wir analysieren die Vorgehensweise bei der Diskontierung langfristiger Projekte. Unsere Untersuchungen zur reinen … formulation of an adjusted OLG-discounting method (GAD) of consumption units, taking into consideration intra- and …

growth theory. Nordhaus argues that the Stern Review exaggerates the effects of global warming because it uses a discount … rate that is well below the market rate of return on capital. From the perspective of classical growth theory, Nordhaus … agents. The classical theory of growth interprets the market return to capital as a reflection of the property relations of …

adjusted OLG-discounting method of consumption units, taking into consideration intra- and intergenerational aspects. At the …

expressed. Kahneman and Tversky's Prospect Theory (1979) explains many of these "framing" effects as shifts in the point of …

,000 relative to conventional discounting. Applying the random walk model to the consequences of climate change, we find that …

while discounted utility theory gives acceptablepredictions of the farmers’ behavior, other factors have to be taken into …