全球智库信息集成服务系统(G2TT): Hyperbolic Discounting of Public Goods

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w11935
来源ID	Working Paper 11935
	Hyperbolic Discounting of Public Goods
	W. Kip Viscusi; Joel Huber
发表日期	2006-01-16
出版年	2006
语种	英语
摘要	This article examines revealed rates of time preference for public goods, using environmental quality as the case study. A nationally representative panel-based sample of 2,914 respondents considered a series of 5 conjoint policy choices, yielding 14,570 decisions. Both the conditional fixed effect logit estimates of the random utility model and mixed logit estimates implied that the rate of time preference is very high for immediate improvements and drops off substantially thereafter, which is inconsistent with exponential discounting but consistent with hyperbolic discounting. The implied marginal rate of time preference declines and then rises. Estimates of the quasi-hyperbolic discounting parameter range from 0.48 to 0.61. People who are older are especially likely to have a high disutility from delays in improving water quality.
主题	Environmental and Resource Economics ; Renewable Resources ; Microeconomics ; Behavioral Economics ; Public Economics ; Public Goods
URL	https://www.nber.org/papers/w11935
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/569586
推荐引用方式 GB/T 7714	W. Kip Viscusi,Joel Huber. Hyperbolic Discounting of Public Goods. 2006.

条目包含的文件
文件名称/大小	资源类型	版本类型	开放类型	使用许可
w11935.pdf（202KB）	智库出版物		限制开放	CC BY-NC-SA	浏览