the consumption discount rate, denoted by , is de ned as =+g

 

In this article, the consumption discount rate, denoted by , is de ned as =+g . What do the terms and g represent? Explain the intuition behind this equation. One
critique says that any kind of uncertainty regarding g may lower the value

 

In this article, the consumption discount rate, denoted by , is de ned as =+g . What do the terms and g represent? Explain the intuition behind this equation. One
critique says that any kind of uncertainty regarding g may lower the value of .Do you agree or disagree with the critique? What are the implications to the economy of
having a lower value of , when human-induced global warming is occurring? Explain

 

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