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Provedor de dados:  AgEcon
País:  United States
Título:  Sacrifice, discounting and climate policy: five questions
Autores:  Karp, Larry S.
Data:  2009-06-12
Ano:  2009
Palavras-chave:  Climate change
Discounting
Intergenerational conflict
Catastrophic risk
Hyperbolic discounting
Environmental Economics and Policy
Research Methods/ Statistical Methods
Resource /Energy Economics and Policy
C61
C73
D63
D99
Q54
Resumo:  I provide a selective review of discounting and climate policy. After reviewing evidence on the importance of the discount rate in setting policy, I ask whether standard models tend to exaggerate the sacrifices that the current generation needs to undertake in order to internalize climate damages. I then consider whether the risk of catastrophic damage really overwhelms discounting, in the determination of optimal policy. I revisit the question of how we actually think about the distant future.
Tipo:  Working or Discussion Paper
Idioma:  Inglês
Identificador:  http://purl.umn.edu/51612
Relação:  University of California, Berkeley>Department of Agricultural and Resource Economics>CUDARE Working Papers
CUDARE Working Papers
1086
Formato:  29
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