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Generation Adjusted Discounting in Long-term Decision-making

Bayer, Stefan - 2000

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 …

Persistent link: https://www.econbiz.de/10009475364

Sequential Search With Ordinal Ranks and Cardinal Values: An Infinite Discounted Secretary Problem

Palley, Asa Benjamin - 2009

We consider an extension of the classical secretary problem where a decision maker observes only the relative ranks of a sequence of up to N applicants, whose true values are i.i.d. U[0,1] random variables. Applicants arrive according to a homogeneous Poisson Process, and the decision maker...

Persistent link: https://www.econbiz.de/10009450709

Discounting Nordhaus

Michl, Thomas R. - 2008

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 …

Persistent link: https://www.econbiz.de/10009468160

Intergenerational Discounting: A new Approach

Bayer, Stefan; Cansier, Dieter - 1998

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

Persistent link: https://www.econbiz.de/10009475344

Frames of Mind in Intertemporal Choice

Loewenstein, George - 1988

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

Persistent link: https://www.econbiz.de/10009441007

Discounting the Distant Future: How Much Do Uncertain Rates Increase Valuations?

Newell, Richard G.; Pizer, William A. - 2001

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

Persistent link: https://www.econbiz.de/10009446677

From the Informal to the Formal Sector: Micro-enterprises in a developing economy – research in progress

Dalglish, Carol L. - 2007

Small and micro-enterprises play a significant part in most economies. However, in developing countries these enterprises have tended to be looked at from a development, or poverty alleviation perspective, rather than as potentially growing businesses. This paper explores the possibility of...

Persistent link: https://www.econbiz.de/10009437548

How wrong can you be? Implications of incorrect utility function specification for welfare measurement in choice experiments

Torres, Cati; Hanley, Nick; Riera, Antoni - 2010

Despite the vital role of the utility function in welfare measurement, the implications of working with incorrect utility specifications have been largely neglected in the choice experiments literature. This paper addresses the importance of specification with a special emphasis on the effects...

Persistent link: https://www.econbiz.de/10009465863

Teaching Hausman and Willig Using Mathematica

Bogard, Matt - 2007

Analyzing consumer welfare from observable data, or empirical demand functions has been a very controversial issue in economics. One metric often used is deadweight loss from a tax or price increase. A classic debate in economic history regarding the appropriate methodology for measuring...

Persistent link: https://www.econbiz.de/10009466966

Earthquake fatalities : the interaction of nature and political economy

Anbarci, Nejat; Escaleras, Monica; Register, Charles A. - 2005

To say that the level of fatalities resulting from an earthquake is inversely related to a country's per capita level of income is hardly novel. What makes our approach novel is that we relate fatalities to both per capita income and the level of inequality that exists within a country through...

Persistent link: https://www.econbiz.de/10009483829