| Registro completo |
| Provedor de dados: |
AgEcon
|
| 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.
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| Tipo: |
Working or Discussion Paper
|
| Idioma: |
Inglês
|
| Identificador: |
27309
http://purl.umn.edu/7149
|
| Relação: |
Hebrew University of Jerusalem>Department of Agricultural Economics and Management>Discussion Papers
Discussion Paper
No. 9.07
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| Formato: |
30
|
