Yohe, Gary W.; Tol, Richard S. J.; Anthoff, David - In: Economics: The Open-Access, Open-Assessment E-Journal 3 (2009) 2009-24, pp. 1-22
It is well-known that the discount rate is crucially important for estimating the social cost of carbon, a standard indicator for the seriousness of climate change and desirable level of climate policy. The Ramsey equation for the discount rate has three components: the pure rate of time...