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Diskontraten: Endogen oder nicht endogen? / Disounting: Endogenous or not Endogenous?: Eine umweltrelevante Fragestellung / Implications for the Environment

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  • Pittel Karen

    (ΕΤΗ Zürich, WIF – Institut für Wirtschaftsforschung, Zürichbergstr. 18, ZUE F12, CH-8032 Zürich, Schweiz, Switzerland)

Abstract

This paper explores implications that arise for growth and environmental policy when discount rates are endogenous. Standard growth models usually assume discount rates to be independent of any economic or environmental considerations. In our paper we argue that discount rates depend upon the state of the environment.

Suggested Citation

  • Pittel Karen, 2005. "Diskontraten: Endogen oder nicht endogen? / Disounting: Endogenous or not Endogenous?: Eine umweltrelevante Fragestellung / Implications for the Environment," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 225(4), pages 441-458, August.
    • Handle: RePEc:jns:jbstat:v:225:y:2005:i:4:p:441-458
    DOI: 10.1515/jbnst-2005-0406
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    References listed on IDEAS

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    Cited by:

    1. Kögel, Tomas, 2011. "The social cost of carbon on an optimal balanced growth path," Economics Discussion Papers 2011-35, Kiel Institute for the World Economy (IfW Kiel).

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