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	Provedor de dados 31 (1) Autor Fujii, Tomoki (1) Karp, Larry S. (1) Palavra-chave C63 (1) Non-constant discounting (1) Non-renewable resources (1) Numerical methods (1) Observational equivalence (1) Q20 (1) Research Methods/ Statistical Methods (1) Resource /Energy Economics and Policy (1) Mais... Tipo do documento Working or Discussion Paper (1) Ano 2006 (1) País United States (1) Idioma Inglês (1)		Ordenar por:  Relevância Autor Título Ano Registros recuperados: 1 Primeira ... 1 ... Última Numerical Analysis of Non-Constant Discounting with an Application to Renewable Resource Management 31 Fujii, Tomoki; Karp, Larry S.. The possibility of non-constant discounting is important in environmental and resource management problems where current decisions affect welfare in the far-distant future, as with climate change. The difficulty of analyzing models with non-constant discounting limits their application. We describe and provide software to implement an algorithm to numerically obtain a Markov Perfect Equilibrium for an optimal control problem with non-constant discounting. The software is available online. We illustrate the approach by studying welfare and observational equivalence for a particular renewable resource management problem. Tipo: Working or Discussion Paper Palavras-chave: Non-constant discounting; Numerical methods; Non-renewable resources; Observational equivalence; Research Methods/ Statistical Methods; Resource /Energy Economics and Policy; C63; Q20. Ano: 2006 URL: http://purl.umn.edu/7199 Registros recuperados: 1 Primeira ... 1 ... Última

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