Sacrifice, discounting and climate policy : five questions

Arbeitspapier

I offer a selective review of discounting and climate policy. Analytic and numerical models show that different assumptions greatly change the degree to which decisions about climate policy depend on the discount rate. I discuss a claim that standard models exaggerate the current generation's sacrifices needed to internalize climate damages. This claim, if correct, affects the role of discounting. I argue that the assertion that the risk of catastrophic damage overwhelms discounting is unfounded. I show that the claim that we view the world in perspective” implies hyperbolic rather than constant discounting. climate change ; discounting ; intergenerational conflict ; catastrophic risk ; hyperbolic discounting

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: CESifo Working Paper ; No. 2761

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Optimization Techniques; Programming Models; Dynamic Analysis ; Stochastic and Dynamic Games; Evolutionary Games; Repeated Games ; Equity, Justice, Inequality, and Other Normative Criteria and Measurement ; Climate; Natural Disasters and Their Management; Global Warming
• Thema: Klimaschutz ; Klimaveränderung ; Soziale Diskontrate ; Generationenbeziehungen ; Naturkatastrophe

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Karp , Larry S.
• Ereignis: Veröffentlichung
• (wer): Center for Economic Studies and ifo Institute (CESifo)
• (wo): Munich
• (wann): 2009

Weitere Informationen

• Handle: http://hdl.handle.net/10419/30615
• Letzte Aktualisierung: 10.03.2025, 11:43 MEZ