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Disentangling the Stern/Nordhaus controversy : beyond the discounting clash
Espagne, Etienne; Perrissin Fabert, Baptiste; Pottier, … - 2012
The Stern/Nordhaus controversy has polarized the widely disparate beliefs about what to do in order to tackle the climate challenge. To explain differences in results and policy recommendations, comments following the publication of the Stern Review have mainly focused on the role played by the...
Persistent link: https://www.econbiz.de/10009628143
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On multiple discount rates and present bias
Dong Xuan Bach; Bich, Philippe; Wigniolle, Bertrand - 2022
Persistent link: https://www.econbiz.de/10013473198
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A comment on Galperti and Strulovici (2017)
Ivanov, Asen - 2021
The analysis in Galperti and Strulovici (2017) relies on two axioms that appear normatively and descriptively very appealing. Notably, these two axioms, taken together with some standard axioms, imply a failure of dynamic consistency. The current comment argues that the two axioms are less...
Persistent link: https://www.econbiz.de/10012417563
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The time path of the saving rate : hyperbolic discounting and short-term planning
Farzin, Yeganeh Hossein; Wendner, Ronald - 2014
: hyperbolic discounting and short planning horizons. We show that, in contrast to the commonly accepted argument, in general … (except for the special case of logarithmic utility) a model with hyperbolic discounting is not observationally equivalent to … one with exponential discounting. We also show that our framework implies a hump-shaped saving rate dynamics that is …
Persistent link: https://www.econbiz.de/10010373737
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A not so myopic axiomatization of discounting
Drugeon, Jean-Pierre; Ha-Huy, Thai - 2018
Persistent link: https://www.econbiz.de/10011995561
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Discounting environmental effects in project appraisal
Percoco, Marco - 2002
The aim of this paper is to present an alternative methodology for discounting far distant future externalities …' time-inconsistency. Second I consider the theoretical justification for using hyperbolic discounting in a simple …
Persistent link: https://www.econbiz.de/10011597789
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Inequality and the social cost of carbon
Anthoff, David; Emmerling, Johannes - 2016
This paper presents a novel way to disentangle inequality aversion over time from inequality aversion between regions in the computation of the Social Cost of Carbon. Our approach nests a standard efficiency based Social Cost of Carbon estimate and an equity weighted Social Cost of Carbon...
Persistent link: https://www.econbiz.de/10011547505
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Welfare as simple(x) equity equivalents
Berger, Loïc; Emmerling, Johannes - 2017
Inequity plays a fundamental role in the evaluation of social welfare in many dimensions.We revisit the concept of inequity, whether across states of world (uncertainty), across individuals (inequality) and across generations (intergenerational equity), using a common framework generalizing the...
Persistent link: https://www.econbiz.de/10011622070
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Individual and aggregate constrained efficient intertemporal wedges in dynamic Mirrleesian economies
Chen, Yunmin; Chien, YiLi; Yang, C. C. - 2016
Persistent link: https://www.econbiz.de/10011537980
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Risk preference and child labour : econometric evidence
Frempong, Raymond Boadi; Stadelmann, David - 2020
The literature suggests that the household invests in the human capital of a child member not only for altruistic reasons but also as insurance against future income shocks. Hence, the allocation of the child's time between school and work is a function of the risk preference of the household...
Persistent link: https://www.econbiz.de/10012200935