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Provision of a Public Good with Altruistic Overlapping Generations and Many Tribes. (2012). Karp, Larry.
In: CESifo Working Paper Series.
RePEc:ces:ceswps:_3895.

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  2. A Appendix Discounting I begin with a discrete time model, in which each period lasts for ï units of time (e.g., years), and obtain the discount factors in the continuous time setting by passing to the limit, as ï â 0. This approach is useful for explaining the meaning of the diïerent models, and particularly for deriving the discount functions under pure altruism and for a ïnite lifetime. Ekeland and Lazrak (2010) provide the continuous time discount factor under exponentially distributed lifetime and paternalistic altruism, without the discrete time detour; I include that case so that this appendix is self-contained. A.1 The discrete time model
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