Maik T. Schneider

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JEL classification: D63 H23 Q54 Keywords: Climate change Discounting Infinitely lived agents Intergenerational equity Overlapping generations Time preference a b s t r a c t The prevailing literature discusses intergenerational trade-offs in climate change predominantly in terms of the Ramsey equation relying on the infinitely lived agent model. We discuss(More)
The prevailing literature discusses intergenerational trade-offs predominantly in infinitely-lived agent models despite the finite lifetime of individuals. We discuss these trade-offs in a continuous time OLG framework and relate the results to the infinitely-lived agent setting. We identify three shortcomings of the latter: First, underlying normative(More)
We investigate the potential of transparency to influence committee decision-making. We present a model in which career concerned committee members receive private information of different type-dependent accuracy, deliberate and vote. We study three levels of transparency under which career concerns are predicted to affect behavior differently, and test the(More)
During the last two decades, the countries of Central and Eastern Europe have been transforming their health systems and built an intermediate model between market and socialised economies. At the same time, they have been trying to establish a system of observed in public health between the countries of the European Union and those of Central and Eastern(More)
Although the individuals' lifetime is finite, intergenerational equity is discussed in infinitely lived agent models. We argue to explicitly consider the generations' life-cycles for three reasons: First, from infinitely-lived-agent specifications, underlying assumptions about individual and social time preference rates cannot be unambiguously deduced.(More)
We study the welfare-theoretic consequences of diverging social and private time-preference rates and time-to-build for the transition to a low-carbon energy industry. We show that time-to-build, a prevalent characteristic of capital accumulation in the energy sector, amplifies the distortion induced by the split discount rates. Thus, these two(More)