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	Provedor de dados AgEcon (9) Autor Traeger, Christian P. (9) Lemoine, Derek M. (2) Crost, Benjamin (1) Palavra-chave Uncertainty (8) Q54 (7) D81 (6) D90 (6) Risk and Uncertainty (6) Ambiguity (5) Expected utility (4) Intertemporal risk aversion (4) Intertemporal substitutability (4) Recursive utility (4) Climate change (3) D61 (3) Discounting (3) Dynamic programming (3) Environmental Economics and Policy (3) Integrated assessment (3) Risk aversion (3) Carbon tax (2) Climate (2) H43 (2) Mais... Tipo do documento Working or Discussion Paper (5) Working Paper (3) Report (1) Ano 2012 (1) 2011 (2) 2010 (4) 2009 (1) 2007 (1) País United States (9) Idioma Inglês (9)		Ordenar por:  Relevância Autor Título Ano Registros recuperados: 9 Primeira ... 1 ... Última Discounting and confidence AgEcon Traeger, Christian P.. Revision of CUDARE Working Paper 1117 issued June 2011 Tipo: Working Paper Palavras-chave: Uncertainty; Discounting; Climate change; Ambiguity; Confidence; Subjective beliefs; Prudence; Pessimism; Expected utility; Intertemporal substitutability; Intertemporal risk aversion; Risk and Uncertainty; D61; Q54; D81; D90. Ano: 2011 URL: http://purl.umn.edu/120418 Risk and Aversion in the Integrated Assessment of Climate Change AgEcon Crost, Benjamin; Traeger, Christian P.. Tipo: Working or Discussion Paper Palavras-chave: Climate change; Uncertainty; Integrated assessment; Risk aversion; Intertemporal substitution; Recursive utility; Dynamic programming; Risk and Uncertainty; Q54; Q00; D90; C63. Ano: 2010 URL: http://purl.umn.edu/90935 Intertemporal risk aversion – or – wouldn’t it be nice to tell whether Robinson Crusoe is risk averse? AgEcon Traeger, Christian P.. The paper introduces a new notion of risk aversion that is independent of the good under observation and its measure scale. The representational framework builds on a time consistent combination of additive separability on certain consumption paths and the von Neumann & Morgenstern (1944) assumptions. In the one-commodity special case, the new notion of risk aversion closely relates to a disentanglement of standard risk aversion and intertemporal substitutability. Tipo: Working or Discussion Paper Palavras-chave: Uncertainty; Expected utility; Recursive utility; Risk aversion; Intertemporal substitutability; Certainty additivity; Temporal lotteries; Gauge-freedom; Intertemporal risk aversion; Risk and Uncertainty. Ano: 2010 URL: http://purl.umn.edu/90421 The Social Discount Rate under Intertemporal Risk Aversion and Ambiguity AgEcon Traeger, Christian P.. The social discount rate crucially determines optimal mitigation policies. This paper examines two shortcomings of the recent debate and the models on climate change assessment. First, removing an implicit assumption of (intertemporal) risk neutrality reduces the growth effect in social discounting and significantly amplifies the importance of risk and correlation. Second, debate and models largely overlook the difference in attitude with respect to risk and with respect to non-risk uncertainty. The paper derives the resulting changes of the risk-free and the stochastic social discount rate and points out the importance of even thin tailed uncertainty for climate change evaluation. Tipo: Working or Discussion Paper Palavras-chave: Ambiguity; Discounting; Expected utility; Intertemporal substitutability; Intertemporal risk aversion; Recursive utility; Risk aversion; Social discount rate; Uncertainty; Political Economy; Risk and Uncertainty; D61; D81; D90; H43; Q00; Q54. Ano: 2009 URL: http://purl.umn.edu/55785 Tipping Points and Ambiguity in the Economics of Climate Change AgEcon Lemoine, Derek M.; Traeger, Christian P.. Replaced with revised version of paper Feb 13, 2012 available at http://purl.umn.edu/120349 Tipo: Report Palavras-chave: Threshold; Climate; Integrated assessment; Regime shift; Ambiguity; Uncertainty; Dynamic programming; Social cost of carbon; Tipping point; Carbon tax; Environmental Economics and Policy; Risk and Uncertainty; Q54; D90; D81. Ano: 2010 URL: http://purl.umn.edu/98127 Subjective Risk, Confidence, and Ambiguity AgEcon Traeger, Christian P.. Tipo: Working or Discussion Paper Palavras-chave: Ambiguity; Subjective beliefs; Expected utility; Intertemporal substitutability; Intertemporal risk aversion; Recursive utility; Uncertainty; Climate change; Risk and Uncertainty; D81; Q54; D90; Q01. Ano: 2010 URL: http://purl.umn.edu/90461 Tipping points and ambiguity in the economics of climate change AgEcon Lemoine, Derek M.; Traeger, Christian P.. Replaces CUDARE Working Paper no. 1111, with the title; Tipping Points and Ambiguity in the Integrated Assessment of Climate Change, issued 12-26-2010 Tipo: Working Paper Palavras-chave: Tipping point; Threshold; Regime shift; Ambiguity; Climate; Uncertainty; Integrated assessment; Dynamic programming; Social cost of carbon; Carbon tax; Political Economy; Resource /Energy Economics and Policy; Q54; D90; D81. Ano: 2011 URL: http://purl.umn.edu/120349 Sustainability, limited substitutability and non-constant social discount rates AgEcon Traeger, Christian P.. The paper explores the consequences of limited substitutability in welfare between environmental and produced goods for long-term evaluation. I show how the magnitude and time development of optimal social discount rates depend on the substitutability between the different classes of goods. The notions of weak and strong sustainability are translated into the degree of substitutability. I show that a strong notion of sustainability results in lower weights given to long-run service and consumption streams compared to a weak notion of sustainability. Tipo: Working or Discussion Paper Palavras-chave: Environmental discount rate; Weak sustainability; Hyperbolic; Limited substitutability; Nonconstant discounting; Numeraire dependence; Project evaluation; Propagator of marginal utility; Social discount factor; Social discount rate; Strong sustainability; Time preference; Consumer/Household Economics; Environmental Economics and Policy; D 61; Q 51; Q 20; Q 01; H 43; D 90. Ano: 2007 URL: http://purl.umn.edu/6099 What's the Rate? Disentangling the Weitzman and the Gollier Effect AgEcon Traeger, Christian P.. The uncertainty of future economic development affects the term structure of discount rates and, thus, the intertemporal weights that are to be used in cost benefit analysis. The U.K. and France have recently adopted a falling term structure to incorporate uncertainty and the U.S. is considering a similar step. A series of publications discusses the following concern: A seemingly analogous argument used to justify falling discount rates can also be used to justify increasing discount rates. We show that increasing and decreasing discount rates mean different things, can coexist, are created by different channels through which risk affects evaluation, and have the same qualitative effect of making long-term payoffs more attractive. Tipo: Working Paper Palavras-chave: Benefit cost analysis; Discounting; Term structure; Uncertainty; Weitzman-Gollier puzzle; Environmental Economics and Policy; Public Economics; D61; D81; H43; Q54. Ano: 2012 URL: http://purl.umn.edu/121932 Registros recuperados: 9 Primeira ... 1 ... Última

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