Stern and his critics on discounting and climate change
AbstractThis review will focus on the question of discounting. The paper begins with an outline of the expected utility model used in the Stern Review. Next, the question of âinherent discountingâ, that is, the idea that future outcomes should be discounted simply because they are in the future, is examined, along with the closely related concept of the pure rate of time preference. This discussion forms the basis for an assessment of the approaches to discounting and climate change adopted by the Stern Review and by its critics.
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Bibliographic InfoPaper provided by Risk and Sustainable Management Group, University of Queensland in its series Climate Change Working Papers with number WPC07_1.
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Other versions of this item:
- Quiggin, John, 2007. "Stern and his critics on discounting and climate change," Risk and Sustainable Management Group Working Papers 152087, University of Queensland, School of Economics.
- Q00 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - General
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