Gollier, Christian and Weitzman, Martin L. (2010) How Should the Distant Future be Discounted When Discount Rates are Uncertain? Economics Letters, 107 (3). pp. 350-353.

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Identification Number : 10.1016/j.econlet.2010.03.001


The so-called “Weitzman–Gollier puzzle” is the fact that two seemingly symmetric and equally plausible ways of dealing with uncertain future discount rates appear to give diametrically opposed results. The puzzle is resolved when agents optimize their consumption plans. The long run discount rate declines over time toward its lowest possible value.

Item Type: Article
Language: English
Date: June 2010
Refereed: Yes
Divisions: TSE-R (Toulouse)
Site: UT1
Date Deposited: 18 Jan 2012 06:02
Last Modified: 02 Apr 2021 15:36
OAI Identifier: oai:tse-fr.eu:22208
URI: https://publications.ut-capitole.fr/id/eprint/3443

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