Data/hora: 11/06/2024 16:49:55

Provedor de dados: | 31
País: | United States
Título: | DISCOUNTING AND CLIMATE CHANGE POLICY
Autores: | Karp,   Larry S.; Tsur,   Yacov.
Data: | 2008-02-29
Ano: | 2007
Palavras-chave: | Discounting; Climate change modeling; Stern Review; Markov Perfect Equilibria; Environmental Economics and Policy; C61; C73; D63; D99; Q54.
Resumo: | A constant social discount rate cannot reflect both a reasonable opportunity cost of public funds and an ethically defensible concern for generations in the distant future. We use a model of hyperbolic discounting that achieves both goals. We imbed this discounting model in a simple climate change model to calculate constant equivalent discount rates" and plausible levels of expenditure to control climate change. We compare these results to discounting assumptions and policy recommendations in the Stern Review on Climate Change.
Tipo: | Working or Discussion Paper
Idioma: | Inglês

Identificador:

27309

http://purl.umn.edu/7149

Relação:

Hebrew University of Jerusalem&gt;Department of Agricultural Economics and Management&gt;Discussion Papers

Discussion Paper

No. 9.07

Formato: | 30