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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...
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important given the ongoing efforts to revise federal guidance for benefit-cost analysis and discounting …
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, effectively defeating the tyranny of discounting. A back-of-the-envelope calibration suggests that this last result is realistic …
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