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Author: | Hepburn, C. Groom, B. |
Title: | Gamma discounting and expected net future value |
Journal: | Journal of Environmental Economics and Management
2007 : JAN, VOL. 53.1, p. 99-109 |
Index terms: | discount rate risk uncertainty |
Language: | eng |
Abstract: | This article discusses the long-term future and discount rates. The authors encompass the models of Gollier and Weitzman. Gollier proves that as the evaluation date moves further into the future, the discount rate at a given point in time vill increase. Nevertheless, given a paticular evaluation date, the schedule of discount rates is declining. |
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