The uncertainty of future economic development affects the term structure of discount rates and, thus, the … structure to incorporate uncertainty and the U.S. is considering a similar step. A series of publications discusses the …

uncertainty by a measure of confidence. Special cases of the model comprise discounting under smooth ambiguity aversion as well as …The paper analyzes the discount rate under uncertainty. The analysis complements the probabilistic characterization of … discounting under a disentanglement of risk aversion from aversion to intertemporal substitution. The paper characterizes the …

Uncertainty has an almost negligible impact on project value in the economicstandard model. I show that a comprehensive … evaluation of uncertainty and uncertainty attitude changes this picture fundamentally. The analysis relies on the discount rate … (intertemporal) risk neutrality reduces the growth effect in social discounting and significantly amplifies the importance of risk …

The uncertainty of future economic development affects the term structure of discount rates and, thus, the … to incorporate uncertainty and the U.S. is consideringa similar step. A series of publications discusses the following …

uncertainty by a measure of confidence. Special cases of the model comprise discounting under smooth ambiguity aversion as well as …The paper analyzes the discount rate under uncertainty. The analysis complements the probabilistic characterization of … discounting under a disentanglement of risk aversion from aversion to intertemporal substitution. The paper characterizes the …

Uncertainty has an almost negligible impact on project value in the standardeconomic model. I show that a comprehensive … evaluation of uncertainty and uncertainty attitude changes this picture fundamentally. The illustration of this result relies on … paper introduces aversion to non-risk uncertainty (ambiguity). Ishow a close formal similarity between the model of …

defensible concern for generations in the distant future. We use a model of hyperbolic discounting that achieves both goals. We … imbed this discounting model in a simple climate change model to calculate “constant equivalent discount rates†and … plausible levels of expenditure to control climate change. We compare these results to discounting assumptions and policy …