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The economics of climate change and the theory of discounting

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  • Philibert, Cedric
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    Article provided by Elsevier in its journal Energy Policy.

    Volume (Year): 27 (1999)
    Issue (Month): 15 (December)
    Pages: 913-927

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    Handle: RePEc:eee:enepol:v:27:y:1999:i:15:p:913-927

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    Web page: http://www.elsevier.com/locate/enpol

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    1. Weitzman Martin L., 1994. "On the Environmental Discount Rate," Journal of Environmental Economics and Management, Elsevier, vol. 26(2), pages 200-209, March.
    2. Arrow, Kenneth J & Fisher, Anthony C, 1974. "Environmental Preservation, Uncertainty, and Irreversibility," The Quarterly Journal of Economics, MIT Press, vol. 88(2), pages 312-19, May.
    3. Henry, Claude, 1974. "Investment Decisions Under Uncertainty: The "Irreversibility Effect."," American Economic Review, American Economic Association, vol. 64(6), pages 1006-12, December.
    4. Weitzman, Martin L., 1998. "Why the Far-Distant Future Should Be Discounted at Its Lowest Possible Rate," Journal of Environmental Economics and Management, Elsevier, vol. 36(3), pages 201-208, November.
    5. Lind, Robert C., 1990. "Reassessing the government's discount rate policy in light of new theory and data in a world economy with a high degree of capital mobility," Journal of Environmental Economics and Management, Elsevier, vol. 18(2), pages S8-S28, March.
    6. Fisher, Anthony C & Krutilla, John V & Cicchetti, Charles J, 1972. "The Economics of Environmental Preservation: A Theoretical and Empirical Analysis," American Economic Review, American Economic Association, vol. 62(4), pages 605-19, September.
    7. Thomas Sterner, 1994. "Discounting in a world of limited growth," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 4(5), pages 527-534, October.
    8. Fisher, Anthony C & Krutilla, John V & Cicchetti, Charles J, 1974. "The Economics of Environmental Preservation: Further Discussion," American Economic Review, American Economic Association, vol. 64(6), pages 1030-39, December.
    9. Fisher, Anthony C. & Krutilla, John V., 1974. "Valuing long run ecological consequences and irreversibilities," Journal of Environmental Economics and Management, Elsevier, vol. 1(2), pages 96-108, August.
    10. Rabl, Ari, 1996. "Discounting of long-term costs: What would future generations prefer us to do?," Ecological Economics, Elsevier, vol. 17(3), pages 137-145, June.
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    Cited by:
    1. Riedy, Chris & Diesendorf, Mark, 2003. "Financial subsidies to the Australian fossil fuel industry," Energy Policy, Elsevier, vol. 31(2), pages 125-137, January.
    2. Hansen, Anders Chr., 2006. "Do declining discount rates lead to time inconsistent economic advice?," Ecological Economics, Elsevier, vol. 60(1), pages 138-144, November.
    3. Allan, Grant & Gilmartin, Michelle, 2011. "The regional employment impacts of renewable energy expenditures: The case for modelling," SIRE Discussion Papers 2011-68, Scottish Institute for Research in Economics (SIRE).
    4. Traeger, Christian P, 2007. "Sustainability, limited substitutability and non-constant social discount rates," CUDARE Working Paper Series 1045, University of California at Berkeley, Department of Agricultural and Resource Economics and Policy.
    5. Saez, Carmen Almansa & Requena, Javier Calatrava, 2007. "Reconciling sustainability and discounting in Cost-Benefit Analysis: A methodological proposal," Ecological Economics, Elsevier, vol. 60(4), pages 712-725, February.
    6. Sterner, Thomas & Persson, U. Martin, 2007. "An Even Sterner Review: Introducing Relative Prices into the Discounting Debate," Discussion Papers dp-07-37, Resources For the Future.
    7. Gowdy, John & Rosser, J. Barkley & Roy, Loraine, 2013. "The evolution of hyperbolic discounting: Implications for truly social valuation of the future," Journal of Economic Behavior & Organization, Elsevier, vol. 90(S), pages S94-S104.
    8. Lenzen, Manfred & Dey, Christopher J. & Murray, Shauna A., 2004. "Historical accountability and cumulative impacts: the treatment of time in corporate sustainability reporting," Ecological Economics, Elsevier, vol. 51(3-4), pages 237-250, December.
    9. Owen, Anthony D., 2006. "Renewable energy: Externality costs as market barriers," Energy Policy, Elsevier, vol. 34(5), pages 632-642, March.

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