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Preferences Between Continuous Streams of Events

Harvey, Charles M.; Østerdal, Lars Peter - Økonomisk Institut, Københavns Universitet - 2005

between consequences that are equivalent to an integral value function having a discounting function and an intertemporal … consequence is measured by an integral. This paper presents a foundation for such models. It defines conditions on preferences …

Persistent link: https://www.econbiz.de/10005818472

How changing prudence and risk aversion affect optimal saving

Bauer, Christian; Buchholz, Wolfgang - 2008

We show how optimal saving in a two-period model is affected when prudence and risk aversion of the underlying utility function change. Increasing prudence alone will induce higher savings only if, for certain combinations of the interest rate and the pure time discount rate, there is...

Persistent link: https://www.econbiz.de/10010264467

How Changing Prudence and Risk Aversion Affect Optimal Saving

Bauer, Christian Josef; Buchholz, Wolfgang - CESifo - 2008

We show how optimal saving in a two-period model is affected when prudence and riskaversion of the underlying utility function change. Increasing prudence alone will induce higher savings only if, for certain combinations of the interest rate and the pure time discount rate, there is...

Persistent link: https://www.econbiz.de/10005181267

A Biological Theory of Social Discounting

Robson, Arthur J.; Szentes, Balázs - In: American Economic Review 104 (2014) 11, pp. 3481-97

We consider a growth model in which intergenerational transfers are made via stocks of private and public capital. Private capital is the outcome of individuals' private savings while decisions regarding public capital are made collectively. We hypothesize that private saving choices evolve...

Persistent link: https://www.econbiz.de/10011014344

Marketing Analysis in Project Evaluation

Savvides, Savvakis C. - 2008

This paper presents how marketing concepts and tools may be applied in investment appraisal studies. The marketing evaluation process begins with a description of the project concept based on the market need the project aims to satisfy. This aids the definition of the project's relevant market...

Persistent link: https://www.econbiz.de/10012728221

Organisational Structure and Innovation

Savvides, Savvakis C. - 2013

The author discusses how different organizational structures may facilitate or impede innovation. During the various stages in the innovation processes an organisation should adapt or change its structure to enable creativity and research to take place by being more flexible and shift to a more...

Persistent link: https://www.econbiz.de/10013083300

How Changing Prudence and Risk Aversion Affect Optimal Saving

Bauer, Christian; Buchholz, Wolfgang - 2021

Persistent link: https://www.econbiz.de/10013316461

Market Analysis and the Assessment of Competitiveness in Project Appraisal

Savvides, Savvakis C. - 2018

The paper highlights the need for a methodological framework on which to base projections in project appraisal applications. Following an initial definition and sizing of the relevant market of the project, the market is analysed in terms of which are the main customer groups, what their needs...

Persistent link: https://www.econbiz.de/10014036015

Intergenerational discounting and inequality

Nesje, Frikk; Piacquadio, Paolo G. - 2025

We study all theories of justice that disentangle ethical views on intergenerational discounting and intergenerational … inequality. Each “modular” social welfare function is uniquely identified by a time-discounting function—capturing attitudes … properties and establishes the limits of disentangling discounting and inequality. Our theories include as special cases the most …

Persistent link: https://www.econbiz.de/10015186356

Non-marginal cost-benefit analysis and the tyranny of discounting

Vermeylen, Koen - 2013

, effectively defeating the tyranny of discounting. A back-of-the-envelope calibration suggests that this last result is realistic …

Persistent link: https://www.econbiz.de/10010227375