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Discounting and climate policy
Ploeg, Frederick van der - 2020
. Uncertainty about the future rate of growth of the economy and emissions and the risk of macroeconomic disasters (tail risks) also …
Persistent link: https://www.econbiz.de/10012249287
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Why uncertainty matters : discounting under intertemporal risk aversion and ambiguity
Traeger, Christian - 2012
assumption of (intertemporal) risk neutrality reduces the growth effect in social discounting and significantly amplifies the … importance of risk and correlation. Second, debate and models largely overlook the difference in attitude with respect to risk … and with respect to non-risk uncertainty. The paper derives the resulting changes of the risk-free and the stochastic …
Persistent link: https://www.econbiz.de/10009488887
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Climate treaties and approaching catastrophes
Barrett, Scott - 2012 - 31 July 2011, Revised 24 July 2012, Second Revision 26 October 2012
If the threshold that triggers climate catastrophe is known with certainty, and the benefits of avoiding catastrophe are high relative to the costs, treaties can easily coordinate countries' behavior so as to avoid the threshold. Where the net benefits of avoiding catastrophe are lower, treaties...
Persistent link: https://www.econbiz.de/10009684058
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The social cost of carbon with intragenerational inequality under economic uncertainty
Ploeg, Frederick van der; Emmerling, Johannes; Groom, … - 2022
intergenerational inequality aversion and for risk aversion. If growth increases (reduces) intra-generational inequality, the SDR is …
Persistent link: https://www.econbiz.de/10013206181
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Discounting in an uncertain world : disentangling the debate on the Weitzman-Gollier puzzle
Buchholz, Wolfgang - 2014
Under conditions of risk it makes a difference whether the discount rate is determined as an expected present or as an …
Persistent link: https://www.econbiz.de/10010412052
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Bequests, control rights, and cost-benefit analysis
Glazer, Amihai; Kanniainen, Vesa; Niskanen, Esko - 2001
Consider a public project which produces a consumption good and which benefits future generations. Let a conventional cost-benefit analysis find that it gives higher benefits than projects it would dis-place in the private sector. Voters may nevertheless oppose the public project: the...
Persistent link: https://www.econbiz.de/10011400766
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The costs and benefits of providing open space in cities
Rouwendal, Jan; Straaten, J. Willemijn van der - 2008
Although many researchers have investigated the value of open space in cities, few of them have compared them to the costs of providing this amenity. In this paper, we use the monocentric model of a city to derive a simple cost-benefit rule for the optimal provision of open space. The rule is...
Persistent link: https://www.econbiz.de/10011373817
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Language rights : a welfare-economics approach
Wickström, Bengt-Arne - 2015
Distributions of language rights in multilingual settings are analyzed from a normative viewpoint in this chapter. If the cost structure of providing rights is concave in the number of beneficiaries, then a critical-mass criterion for the determination of an optimal rights structure results. It...
Persistent link: https://www.econbiz.de/10011309548
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Using happiness surveys to value intangibles : the case of airport noise
Praag, Bernard M. S. van; Baarsma, Barbara - 2004
We assess the monetary value of the noise damage, caused by aircraft noise nuisance around Amsterdam Airport, as the sum of hedonic house price differentials and a residual cost component. The residual costs are assessed from a survey, including an ordinal life satisfaction scale, on which...
Persistent link: https://www.econbiz.de/10011334840
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Transport investment appraisal and the environment
Nijkamp, Peter; Ubbels, Barry; Verhoef, Erik T. - 2002
This review considers the role of environmental effects in transport investment appraisal, mainly from the perspective of cost-benefit analysis, the most widely adopted appraisal technique. Although the basic principles of CBA are straightforward, several complications are identified that may...
Persistent link: https://www.econbiz.de/10011327843