THE LONG-TERM EFFECT OF ENVIRONMENTAL EDUCATION IN PRESENT-BIASED PREFERENCE : SOME KNOWLEDGE BY THE NUMERICAL ANALYSIS

Abstract

The purpose of this paper is clarifying long-term effect which it has on expenditure of exhaustible resource by environmental education. Especially, in this paper, process in which the individual who has the present-biased preference by environmental education changed into rational individual was expressed clearly. Therefore, the model of this paper was used the quasi-hyperbolic discount function, and the numerical analysis was performed.