Search

Your search keyword '"social discount factor"' showing total 1 results
Start Over Descriptor "social discount factor" Database Academic Search Index
1 results on '"social discount factor"'

1. Sustainability, limited substitutability, and non-constant social discount rates

Author

Traeger, Christian P.

Subjects
*SUSTAINABILITY, *ENVIRONMENTAL management, *CONSUMPTION (Economics), *SOCIAL services, *EXPONENTIAL functions, *PROJECT evaluation, *DISCOUNT prices
Abstract

Abstract: The paper shows how limited substitutability in consumption between different classes of goods affects the magnitude and time development of social discount rates. It decomposes the discount rates into an absolute growth and a relative growth or substitutability effect. The paper relates between-good and intertemporal substitutability to the notions of weak and strong sustainability. It analyzes under which circumstances low as opposed to high between-good substitutability increases the weights given to long-run environmental services. [Copyright &y& Elsevier]

Published
2011
Full Text
View/download PDF

Catalog

Books, media, physical & digital resources
See catalog results