Endogenous Future Preferences and Conservation
AbstractA dynamic optimization model is developed in whichuncertainty about future preferences is endogenous,namely depending on the state of the environment atthe time the change in preferences occurs.Endogeneizing preferences not only provides economicintuition to previous results but also implies thatoptimal policies are less conservative. Copyright Kluwer Academic Publishers 2000
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Bibliographic InfoArticle provided by European Association of Environmental and Resource Economists in its journal Environmental and Resource Economics.
Volume (Year): 16 (2000)
Issue (Month): 2 (June)
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Web page: http://www.springerlink.com/link.asp?id=100263
endogenous future preferences; stock of the environmental asset; uncertainty;
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