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dc.contributor.authorLasry, Jean-Michel
dc.contributor.authorGuesnerie, Roger
dc.contributor.authorGuéant, Olivier
dc.date.accessioned2012-07-05T10:35:25Z
dc.date.available2012-07-05T10:35:25Z
dc.date.issued2012
dc.identifier.urihttps://basepub.dauphine.fr/handle/123456789/9704
dc.language.isoenen
dc.subjectgrowthen
dc.subjectoptimizationen
dc.subjectEnvironmental economicsen
dc.subject.ddc333en
dc.titleEcological Intuition versus Economic “Reason”en
dc.typeArticle accepté pour publication ou publié
dc.contributor.editoruniversityotherCollège de France and Paris School of Economics;France
dc.description.abstractenThis paper discusses the discount rate to be used in projects aimed at preserving the environment. The model has two different goods: one is the usual consumption good whose production may increase exponentially, and the other is an environmental good whose quality remains limited. The stylized world we describe is fully determined by four parameters, reflecting basic preferences, “ecological” and intergenerational concerns, and feasibility constraints. We define an ecological discount rate and examine its connections with the usual interest rate and the optimized growth rate. We discuss, in this simple world, different forms of the precautionary principle.en
dc.relation.isversionofjnlnameJournal of Public Economic Theory
dc.relation.isversionofjnlvol14en
dc.relation.isversionofjnlissue2en
dc.relation.isversionofjnldate2012
dc.relation.isversionofjnlpages245-272en
dc.relation.isversionofdoihttp://dx.doi.org/10.1111/j.1467-9779.2011.01541.xen
dc.description.sponsorshipprivateouien
dc.relation.isversionofjnlpublisherWiley - Blackwellen
dc.subject.ddclabelEconomie de la terre et des ressources naturellesen


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