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Uncertain discount rates in climate policy analysis

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  • Newell, Richard G.
  • Pizer, William A.

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  • Newell, Richard G. & Pizer, William A., 2004. "Uncertain discount rates in climate policy analysis," Energy Policy, Elsevier, vol. 32(4), pages 519-529, March.
  • Handle: RePEc:eee:enepol:v:32:y:2004:i:4:p:519-529
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    References listed on IDEAS

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    1. Cropper, Maureen L & Aydede, Sema K & Portney, Paul R, 1994. "Preferences for Life Saving Programs: How the Public Discounts Time and Age," Journal of Risk and Uncertainty, Springer, vol. 8(3), pages 243-265, May.
    2. Coleman Bazelon & Kent Smetters, 1999. "Discounting Inside the Washington D.C. Beltway," Journal of Economic Perspectives, American Economic Association, vol. 13(4), pages 213-228, Fall.
    3. Martin L. Weitzman, 2001. "Gamma Discounting," American Economic Review, American Economic Association, vol. 91(1), pages 260-271, March.
    4. Lloyd B. Thomas, 1999. "Survey Measures of Expected U.S. Inflation," Journal of Economic Perspectives, American Economic Association, vol. 13(4), pages 125-144, Fall.
    5. 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.
    6. Ainslie, George, 1991. "Derivation of "Rational" Economic Behavior from Hyperbolic Discount Curves," American Economic Review, American Economic Association, vol. 81(2), pages 334-340, May.
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    Cited by:

    1. Keller, Klaus & Bolker, Benjamin M. & Bradford, D.F.David F., 2004. "Uncertain climate thresholds and optimal economic growth," Journal of Environmental Economics and Management, Elsevier, vol. 48(1), pages 723-741, July.
    2. Alberg Østergaard, Poul & Mathiesen, Brian Vad & Möller, Bernd & Lund, Henrik, 2010. "A renewable energy scenario for Aalborg Municipality based on low-temperature geothermal heat, wind power and biomass," Energy, Elsevier, vol. 35(12), pages 4892-4901.
    3. Morrissey, J. & Meyrick, B. & Sivaraman, D. & Horne, R.E. & Berry, M., 2013. "Cost-benefit assessment of energy efficiency investments: Accounting for future resources, savings and risks in the Australian residential sector," Energy Policy, Elsevier, vol. 54(C), pages 148-159.
    4. Martin Weitzman, 2012. "The Ramsey Discounting Formula for a Hidden-State Stochastic Growth Process," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 53(3), pages 309-321, November.
    5. Iverson, Terrence, 2013. "Minimax regret discounting," Journal of Environmental Economics and Management, Elsevier, vol. 66(3), pages 598-608.
    6. Tol, Richard S. J., 2005. "The marginal damage costs of carbon dioxide emissions: an assessment of the uncertainties," Energy Policy, Elsevier, vol. 33(16), pages 2064-2074, November.
    7. Bednyagin, Denis & Gnansounou, Edgard, 2011. "Real options valuation of fusion energy R&D programme," Energy Policy, Elsevier, vol. 39(1), pages 116-130, January.
    8. repec:eee:energy:v:137:y:2017:i:c:p:104-117 is not listed on IDEAS
    9. Weitzman, Martin L., 2010. "Risk-adjusted gamma discounting," Journal of Environmental Economics and Management, Elsevier, vol. 60(1), pages 1-13, July.
    10. Gollier, Christian & Weitzman, Martin L., 2010. "How should the distant future be discounted when discount rates are uncertain?," Economics Letters, Elsevier, vol. 107(3), pages 350-353, June.
    11. Frank Ackerman & Ian J. Finlayson, "undated". "06-07 “The Economics of Inaction on Climate Change: A Sensitivity Analysis”," GDAE Working Papers 06-07, GDAE, Tufts University.
    12. Marlos Goes & Nancy Tuana & Klaus Keller, 2011. "The economics (or lack thereof) of aerosol geoengineering," Climatic Change, Springer, vol. 109(3), pages 719-744, December.
    13. Onno J. Kuik & Barbara Bucher & Michela Catenacci & Etem Karakaya & Richard S.J. Tol, 2006. "Methodological aspects of recent climate change damage cost studies," Working Papers FNU-122, Research unit Sustainability and Global Change, Hamburg University, revised Dec 2006.
    14. Freeman, Mark C., 2009. "Yes, we should discount the far-distant future at its lowest possible rate: a resolution of the Weitzman-Gollier puzzle," Economics Discussion Papers 2009-42, Kiel Institute for the World Economy (IfW).
    15. Romano, Eduardo & Thornsbury, Suzanne, 2007. "Economic Evaluation of SPS Regulations: Where Can Progress be Made?," Staff Papers 36946, Michigan State University, Department of Agricultural, Food, and Resource Economics.
    16. Holmgren, Kristina & Amiri, Shahnaz, 2007. "Internalising external costs of electricity and heat production in a municipal energy system," Energy Policy, Elsevier, vol. 35(10), pages 5242-5253, October.
    17. Massimo Florio & Emanuela Sirtori, 2013. "The social cost of capital: recent estimates for the EU countries," Working Papers 201303, CSIL Centre for Industrial Studies.
    18. Manfred Lenzen, 2010. "Current State of Development of Electricity-Generating Technologies: A Literature Review," Energies, MDPI, Open Access Journal, vol. 3(3), pages 1-130, March.
    19. Freeman, Mark C., 2010. "Yes, we should discount the far-distant future at its lowest possible rate: A resolution of the Weitzman-Gollier puzzle," Economics - The Open-Access, Open-Assessment E-Journal, Kiel Institute for the World Economy (IfW), vol. 4, pages 1-21.
    20. repec:eee:foreco:v:26:y:2017:i:c:p:1-8 is not listed on IDEAS
    21. Maack, Maria & Davidsdottir, Brynhildur, 2015. "Five capital impact assessment: Appraisal framework based on theory of sustainable well-being," Renewable and Sustainable Energy Reviews, Elsevier, vol. 50(C), pages 1338-1351.
    22. repec:eee:foreco:v:29:y:2017:i:pb:p:87-93 is not listed on IDEAS
    23. Johansson, Daniel J.A., 2009. "Economics vs. Physical-based Metrics for Relative Greenhouse Gas Valuations," Working Papers in Economics 363, University of Gothenburg, Department of Economics.

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