| Registro completo |
| Provedor de dados: |
AgEcon
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| País: |
United States
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| Título: |
Discounting and Climate Change Policy
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| Autores: |
Karp, Larry S.
Tsur, Yacov
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| Data: |
2008-02-28
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| Ano: |
2007
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| Palavras-chave: |
Environmental Economics and Policy
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| 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
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| Idioma: |
Inglês
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| Identificador: |
28464
http://purl.umn.edu/7192
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| Relação: |
University of California, Berkeley>Department of Agricultural and Resource Economics>CUDARE Working Papers
CUDARE Working Paper
1038
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| Formato: |
25
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