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Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/50101
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Anthoff, David | | en_US |
| dc.contributor.author | | Tol, Richard S. J. | | en_US |
| dc.contributor.author | | Yohe, Gary W. | | en_US |
| dc.date.accessioned | | 2011-09-30T09:59:21Z | | - |
| dc.date.available | | 2011-09-30T09:59:21Z | | - |
| dc.date.issued | | 2008 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/50101 | | - |
| dc.description.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. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | ESRI Dublin | | en_US |
| dc.relation.ispartofseries | | ESRI working paper 252 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.stw | | Klimaschutz | | en_US |
| dc.subject.stw | | Luftverunreinigung | | en_US |
| dc.subject.stw | | Kohlendioxid | | en_US |
| dc.subject.stw | | Soziale Kosten | | en_US |
| dc.subject.stw | | Zeitpräferenz | | en_US |
| dc.subject.stw | | Risikoaversion | | en_US |
| dc.subject.stw | | OECD-Staaten | | en_US |
| dc.title | | Risk Aversion, time preference, and the social cost of carbon | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 578240181 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | en_US |
| Appears in Collections: | | ESRI Working Papers, The Economic and Social Research Institute (ESRI)
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