Narrow search
Showing 1 - 10 of 2,566
Cover Image
The consumption discount rate for the distant future (if we do not die out)
Vermeylen, Koen - 2013
Gollier and Weitzman (2010) show that if future consumption discount rates are uncertain and persistent, the consumption discount rate should decline to its lowest possible value for events in the most distant future. In this paper, I argue that the lowest possible growth rate of consumption per...
Persistent link: https://www.econbiz.de/10010227389
Cover Image
Non-marginal cost-benefit analysis and the tyranny of discounting
Vermeylen, Koen - 2013
, effectively defeating the tyranny of discounting. A back-of-the-envelope calibration suggests that this last result is realistic … impossible if futu re generations are entitled to a world without climate change; and an environmental trust fund - no matter how …
Persistent link: https://www.econbiz.de/10010227375
Cover Image
Modified Ramsey discounting for climate change
Tol, Richard S. J. - 2013
Persistent link: https://www.econbiz.de/10010191276
Cover Image
HIV/AIDS, risk aversion and intertemporal choice
Lammers, Judith; Wijnbergen, Sweder van - 2008 - Rev.
This study analyses the relation between perceived health status and intertemporal choice. We use data from experiments with real monetary rewards conduEted among students in South Africa to estimate risk and time preferences. These experimental data, based on muitiple price lists developed by...
Persistent link: https://www.econbiz.de/10011373818
Cover Image
The methodology of modern macroeconomics and the descriptive approach to discounting
Vermeylen, Koen - 2013
Critics of modern macroeconomics often raise concerns about unwarranted welfare conclusions and data mining. This paper illustrates these concerns with a thought experiment, based on the debate in environmental economics about the appropriate discount rate in climate change analyses: I set up an...
Persistent link: https://www.econbiz.de/10010226540
Cover Image
Be patient when measuring Hyperbolic Discounting : stationarity, time consistency and time invariance in a field experiment
Janssens, Wendy; Kramer, Berber; Swart, Lisette - 2015
Most evidence of hyperbolic discounting is based on violations of either stationarity or time consistency as observed … discounting is a plausible explanation for choice reversals only if violations of stationarity and time consistency overlap. Our … conclude that when incomes fluctuate, one can only identify hyperbolic discounting by eliciting violations of both stationarity …
Persistent link: https://www.econbiz.de/10011307819
Cover Image
Eliciting discount functions when baseline consumption changes over time
Gerber, Anke; Rohde, Kirsten I. M. - 2014
preference reversals arecommonly interpreted as contradicting constant discounting. This interpretation is correctonly if … baseline consumption to which the outcomes are added, remains constant over time.The difficulty with measuring discounting when … discounted. In this paper we propose a way to disentangle thetwo effects, which allows us to draw conclusions about discounting …
Persistent link: https://www.econbiz.de/10011379439
Cover Image
Dynamic determinants of optimal global climate policy
Grubb, Michael; Lange, Rutger-Jan; Cerkez, Nicolas; … - 2023 - Revision: September 2023
We explore how optimal emission abatement trajectories are affected by dynamic characteristics of greenhouse-gas emitting systems, such as inertia, induced innovation, and pathdependency, by formulating a compact and analytically tractable model with stylized damage assumptions to derive the...
Persistent link: https://www.econbiz.de/10014369562
Cover Image
Carbon capture : storage vs. utilization
Moreaux, Michel; Amigues, Jean-Pierre; Meijden, Gerard … - 2022
Carbon capture and storage (CCS) seems an appealing option to meet the ambitious objectives of the Paris Agreement. Captured CO2 emissions can also be injected in active fields to enhance recovery: Carbon capture and utilization (CCU). We study a dynamic model of CCS and CCU of an economy...
Persistent link: https://www.econbiz.de/10013274262
Cover Image
Global and regional impacts of the clean development mechanism
Wang, Shunli; Groot, Henri L. F. de; Nijkamp, Peter; … - 2009
consequences of non-participation of the USA in the global coalition, and the associated distributional impacts world-wide. …
Persistent link: https://www.econbiz.de/10011378304