consequences on sustainability of the common-pool resource system under exponential and hyperbolic discounting. A suffcient degree … & exponential discounting ; social dilemmas ; sustainability …

consequences on sustainability of the common-pool resource system under exponential and hyperbolic discounting. A suffcient degree …

In this paper I propose a time-consistent method of discounting hyperbolically and apply it to three canonical … environmental problems: (i) optimal renewable resource use, (ii) the tragedy of the commons, (iii) economic growth and pollution. I … then compare results with those for conventional exponential discounting using the normalization that both methods provide …

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 …) optimal renewable resource use, (ii) the tragedy of the commons, (iii) economic growth and pollution. I then compare results …

Humanity's problem with climate change has been likened to a "tragedy of the commons". If the atmosphere is seen as an … open access dump for gasses like CO2 or methane, Garret Hardin's conclusion from 1968: "Freedom in a commons brings ruin to … the tragedy of the commons or the provision of public goods? If we did, did we solve the problems by developing …