To consider the implication of disaggregated consumption and discounting, we study discounting in a world composed of the rich and the poor, a standard setting in the literature of cost-benefit analysis with distributional considerations. We derive several discount rates for different...

The link with subjective well-being has not been addressed in the literature of sustainability, the latter defined by social well-being improvement. We explicitly derive genuine savings as an indicator of sustainability inclusive of one form of subjective well-being, namely habit formation,...