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Discounting climate change

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  • Partha Dasgupta

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    File URL: http://hdl.handle.net/10.1007/s11166-008-9049-6
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    Article provided by Springer in its journal Journal of Risk and Uncertainty.

    Volume (Year): 37 (2008)
    Issue (Month): 2 (December)
    Pages: 141-169

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    Handle: RePEc:kap:jrisku:v:37:y:2008:i:2:p:141-169
    Contact details of provider: Web page: http://www.springerlink.com/link.asp?id=100299

    Keywords: Utilitarianism; Prioritarianism; Intergenerational well-being; Social discount rates; Uncertainty; Inequality aversion; Risk aversion; Rate of time preference; Hyperbolic discounting; Rate of return on investment; Precautionary principle; Elasticity of marginal felicity; Risk-free discount rates; Thin-tailed distributions; C61; D53; D9; G12;

    Find related papers by JEL classification:

    • C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis
    • D53 - Microeconomics - - General Equilibrium and Disequilibrium - - - Financial Markets
    • D9 - Microeconomics - - Intertemporal Choice
    • G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates

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    1. Partha Dasgupta & Eric Maskin, 2005. "Uncertainty and Hyperbolic Discounting," American Economic Review, American Economic Association, vol. 95(4), pages 1290-1299, September.
    2. Stern, N. H., 1976. "On the specification of models of optimum income taxation," Journal of Public Economics, Elsevier, vol. 6(1-2), pages 123-162.
    3. Heal, G., 1998. "Valuing the Future: Economic Theory and Sustainability," Papers 98-10, Columbia - Graduate School of Business.
    4. W. Kip Viscusi, 2006. "Rational Discounting for Regulatory Analysis," NBER Working Papers 12294, National Bureau of Economic Research, Inc.
    5. R. M. Solow, 1973. "Intergenerational Equity and Exhaustable Resources," Working papers 103, Massachusetts Institute of Technology (MIT), Department of Economics.
    6. Dasgupta, Partha, 2001. "Human Well-Being and the Natural Environment," OUP Catalogue, Oxford University Press, number 9780199247882, December.
    7. Oran R. Young, 2003. "Environment and Statecraft: The Strategy of Environmental Treaty-Making," Global Environmental Politics, MIT Press, vol. 3(1), pages 145-147, 02.
    8. Geoffrey Heal, 2008. "Climate Economics: A Meta-Review and Some Suggestions," NBER Working Papers 13927, National Bureau of Economic Research, Inc.
    9. Hall, Robert E, 1988. "Intertemporal Substitution in Consumption," Journal of Political Economy, University of Chicago Press, vol. 96(2), pages 339-57, April.
    10. J. A. Mirrlees, 1967. "Optimum Growth when Technology is Changing," Review of Economic Studies, Oxford University Press, vol. 34(1), pages 95-124.
    11. Martin L. Weitzman, 2001. "Gamma Discounting," American Economic Review, American Economic Association, vol. 91(1), pages 260-271, March.
    12. Nicholas Stern, 2008. "The Economics of Climate Change," American Economic Review, American Economic Association, vol. 98(2), pages 1-37, May.
    13. Layard, Richard, 1980. "Human Satisfactions and Public Policy," Economic Journal, Royal Economic Society, vol. 90(363), pages 737-50, December.
    14. Dasgupta, Partha, 2005. "What Do Economists Analyze And Why: Values Or Facts?," Economics and Philosophy, Cambridge University Press, vol. 21(02), pages 221-278, October.
    15. 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.
    16. Tjalling C. Koopmans, 1959. "Stationary Ordinal Utility and Impatience," Cowles Foundation Discussion Papers 81, Cowles Foundation for Research in Economics, Yale University.
    17. Jerusalem D. Levhari & T. N. Srinivasan, 1969. "Optimal Savings under Uncertainty," Review of Economic Studies, Oxford University Press, vol. 36(2), pages 153-163.
    18. William D. Nordhaus, 2006. "The "Stern Review" on the Economics of Climate Change," NBER Working Papers 12741, National Bureau of Economic Research, Inc.
    19. Schelling, Thomas C, 1995. "Intergenerational discounting," Energy Policy, Elsevier, vol. 23(4-5), pages 395-401.
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    Blog mentions

    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. How much is our distant future worth?
      by Steve Cecchetti and Kim Schoenholtz in Money, Banking and Financial Markets on 2014-08-11 12:10:42
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