In this paper I propose a time-consistent method of discounting hyperbolically and apply it to three canonical … then compare results with those for conventional exponential discounting using the normalization that both methods provide …, time-consistent hyperbolic discounting leads always to a steady state of maximum yield, or, if the environment enters the …

In this paper I propose a time-consistent method of discounting hyperbolically that contains the discount rate implied … by Gamma discounting as a special case. I apply the discounting method to three canonical environmental problems: (i … with those for conventional exponential discounting using the normalization that both methods provide the same present …

economically realistic models have led to the application of various forms of economic discounting to the contested resource. This … paper investigates the application of a two-parameter economic discounting method, called generalized hyperbolic discounting …, and characterizes the game’s Nash equilibrium conditions. We prove that for agents discounting such that accumulated value …