search query: @indexterm time preference / total: 10
reference: 9 / 10
| Author: | Luckert, M. K. Adamowicz, W. L. |
| Title: | Measures of factors affecting social rates of discount |
| Journal: | Environmental and Resource Economics
1993 : FEB, 3:1, p. 1-21 |
| Index terms: | TIME PREFERENCE SOCIAL INDICATORS INDIVIDUAL BEHAVIOUR UTILITY ASSESSMENT |
| Language: | eng |
| Abstract: | Some hypothesized factors affecting possible divergences between private and social rates of time preferences are investigated. Results indicate that time preferences of individuals may be influenced by: 1. whether the resource in question is publicly or privately managed; and 2. the type of good being managed. Additional factors which may influence the revealed rate of time preference include the pattern of benefits derived over time and various personal characteristics of the respondent. Although numerous methodological problems cloud the issues , the results suggest that capital markets may fail to aggregate utility over individuals and between goods. Some implications for goverments are considered. |
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