@techreport{Anthoff2008Risk,
abstract = {The Stern Review reported a social cost of carbon of over $300/tC, calling for ambitious climate policy. We here conduct a systematic sensitivity analysis of this result on two crucial parameters: the rate of pure time preference, and the rate of risk aversion. We show that the social cost of carbon lies anywhere in between 0 and $120,000/tC. However, if we restrict these two parameters to match observed behavior, an expected social cost of carbon of $60/tC results. If we correct this estimate for income differences across the world, the social cost of carbon rises to over $200/tC.},
address = {Dublin},
author = {David Anthoff and Richard S. J. Tol and Gary W. Yohe},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {330; Klimaschutz; Luftverunreinigung; Kohlendioxid; Soziale Kosten; Zeitpr\"{a}ferenz; Risikoaversion; OECD-Staaten},
language = {eng},
number = {252},
publisher = {ESRI},
title = {Risk Aversion, time preference, and the social cost of carbon},
type = {ESRI working paper},
url = {http://hdl.handle.net/10419/50101},
year = {2008}
}
