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Endogenous Future Preferences and Conservation (2000)

Cunha-E-Sá, Maria ; Costa-Duarte, Clara

Springer

Environmental and resource economics 16 (2000), S. 253-262

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ISSN: 1573-1502

Keywords: endogenous future preferences ; stock of the environmental asset ; uncertainty

Source: Springer Online Journal Archives 1860-2000

Topics: Energy, Environment Protection, Nuclear Power Engineering , Economics

Notes: Abstract A dynamic optimization model is developed in whichuncertainty about future preferences is endogenous,namely depending on the state of the environment atthe time the change in preferences occurs.Endogeneizing preferences not only provides economicintuition to previous results but also implies thatoptimal policies are less conservative.

Type of Medium: Electronic Resource

URL: http://dx.doi.org/10.1023/A:1008361604063

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