Question
Suppose r decreases, without calculating anything: can you say for sure that C1 increases? can you say for sure that C2 decreases? r is the
Suppose r decreases, without calculating anything: can you say for sure that C1 increases? can you say for sure that C2 decreases?
r is the interest rate and C1 and C2 are consumption is period 1 and 2
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Valuing The Earth, Economics, Ecology, Ethics
Authors: Herman E Daly, Kenneth N Townsend
2nd Edition
0262540681, 9780262540681
