Zusammenfassung
In the following, we introduce a discounting scheme that is consistent with consumer sovereignty and intergenerational equity. This scheme stems from Krysiak (2010) and is derived in an OLG framework, assuming that individual’s life-spans extend over a certain number of periods. To be as close as possible to the RA framework, Krysiak assumes that all individuals have additive time-separable preferences with a constant discount rate.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Author information
Authors and Affiliations
Corresponding author
Rights and permissions
Copyright information
© 2016 Springer Fachmedien Wiesbaden
About this chapter
Cite this chapter
Zaddach, J. (2016). Intergenerational Discounting in the DICE Model. In: Climate Policy Under Intergenerational Discounting. BestMasters. Springer Gabler, Wiesbaden. https://doi.org/10.1007/978-3-658-12134-1_5
Download citation
DOI: https://doi.org/10.1007/978-3-658-12134-1_5
Published:
Publisher Name: Springer Gabler, Wiesbaden
Print ISBN: 978-3-658-12133-4
Online ISBN: 978-3-658-12134-1
eBook Packages: Economics and FinanceEconomics and Finance (R0)