Suppose that one believed that each generation should have the same level of well-being as every other
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Suppose that one believed that each generation should have the same level of well-being as every other one. Demonstrate that we could not ensure the attainment of this merely by the choice of a particular discount rate, zero or otherwise.
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Natural Resource And Environmental Economics
ISBN: 9780321417534
4th Edition
Authors: Roger Perman, Yue Ma, Michael Common, David Maddison, James McGilvray
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