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Intergenerational and International discounting

Dates

Year
1995

Citation

Schelling, T.C., 1995, Intergenerational and International discounting: Energy Policy, v. 23, iss. 4/5, 7 p.

Summary

A 'discount rate' for the consumption of future generations from current investments for their benefit is typically composed of two parts: 'time preference' and an allowance for the lower marginal utility of consumption due to higher average levels of consumption in the future. Time preference would be involved if one were postponing one's own consumption; it has little or nothing to do with income redistribution, which is what greenhouse abatement is about. A lower marginal utility of consumption is an anomaly in income redistribution: we rarely deliberately transfer consumption from the less to the more well-to-do. Time may serve as a kind of measure of distance; we may prefer beneficiaries who are closer in time, in geographical [...]

Contacts

Author :
Schelling, T.C.

Attached Files

Communities

  • Western Energy Citation Clearinghouse

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Additional Information

Identifiers

Type Scheme Key
DOI WECC []

Citation Extension

citationTypeJournal Article
journalEnergy Policy
parts
typePages
value7
typeVolume
value23
typeIssue
value4/5

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