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dc.contributor.authorAnthoff, Daviden
dc.contributor.authorTol, Richard S. J.en
dc.contributor.authorYohe, Gary W.en
dc.date.accessioned2011-09-30T09:59:21Z-
dc.date.available2011-09-30T09:59:21Z-
dc.date.issued2008-
dc.identifier.urihttp://hdl.handle.net/10419/50101-
dc.description.abstractThe 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
dc.language.isoengen
dc.publisher|aThe Economic and Social Research Institute (ESRI) |cDublinen
dc.relation.ispartofseries|aESRI Working Paper |x252en
dc.subject.ddc330en
dc.subject.stwKlimaschutzen
dc.subject.stwLuftverunreinigungen
dc.subject.stwKohlendioxiden
dc.subject.stwSoziale Kostenen
dc.subject.stwZeitpräferenzen
dc.subject.stwRisikoaversionen
dc.subject.stwOECD-Staatenen
dc.titleRisk Aversion, time preference, and the social cost of carbon-
dc.typeWorking Paperen
dc.identifier.ppn578240181en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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