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Discounting Under Uncertainty : Disentangling the Weitzman and the Gollier Effect

Traeger, Christian P. - 2013

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 … channels through which risk affects evaluation, and have the same qualitative effect of making long-term payoffs more …

Persistent link: https://www.econbiz.de/10014157604

On welfare frameworks and catastrophic climate risks

Millner, Antony - 2013

scientific uncertainty about the effects of increased greenhouse gas concentrations on climate. Criticisms of this controversial …

Persistent link: https://www.econbiz.de/10010199723

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

Inequality and the Social Cost of Carbon

Anthoff, David; Emmerling, Johannes - 2016

Persistent link: https://www.econbiz.de/10011500170

Temperature targets, deep uncertainty and extreme events in the design of optimal climate policy

Agliardi, Elettra; Xepapadeas, Anastasios - In: Journal of economic dynamics & control 139 (2022), pp. 1-19

Persistent link: https://www.econbiz.de/10013464797

A simple framework for climate-change policy under model uncertainty

Athanasoglou, Stergios; Bosetti, Valentina; Drouet, Laurent - 2016

takes explicit account of model uncertainty. To this end, the value function we propose is an analogue of the well …-known success-probability criterion adapted to settings characterized by model uncertainty. We apply this decision criterion to …

Persistent link: https://www.econbiz.de/10011614242

The Social Cost of Carbon and Inequality : When Local Redistribution Shapes Global Carbon Prices

Kornek, Ulrike - 2019

The social cost of carbon is the central economic measure for aggregate climate change damages and functions as a metric for optimal carbon prices. Previous literature shows that inequality significantly influences the level of the social cost of carbon, but mostly neglects a major source of...

Persistent link: https://www.econbiz.de/10012870643

How important are uncertainty and dynamics for environmental and climate policy? Some analytics

Schubert, Kathline; Smulders, Sjak - In: Journal of environmental economics and management : … 97 (2019), pp. 1-22

Persistent link: https://www.econbiz.de/10012286852

Discounting and Climate Policy

van der Ploeg, Rick - 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/10012827663

Optimal pricing of climate risk

Coleman, Thomas F.; Dumont, Nicole S.; Li, Wanqi; Liu, … - In: Computational economics 60 (2022) 3, pp. 1101-1134

Persistent link: https://www.econbiz.de/10013380876