Discounting for Climate Change

@article{Anthoff2009DiscountingFC,
  title={Discounting for Climate Change},
  author={David Anthoff and Richard S. J. Tol and Gary W. Yohe},
  journal={Economics},
  year={2009},
  volume={3}
}
Abstract 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 preference, a measure of relative risk aversion, and the rate of growth of per capita consumption. Much of the attention on the appropriate discount rate for long-term environmental problems has… Expand
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