Numerical analysis of non-constant pure rate of time preference: A model of climate policy

Numerical analysis of non-constant pure rate of time preference: A model of climate policy

When current decisions affect welfare in the far-distant future, as with climate change, the use of a declining pure rate of time preference (PRTP) provides potentially important modeling flexibility. The difficulty of analyzing models with non-constant PRTP limits their application. We describe and...

Full description

Saved in:
Bibliographic Details
Main Authors: FUJII, Tomoki, KARP, Larry
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2008
Subjects:
non-constant pure rate of time preference
hyperbolic discounting
numerical methods
non-renewable resources
observational equivalence
climate change
Stern Review
Environmental Sciences
Environmental Studies
Public Economics
Online Access:https://ink.library.smu.edu.sg/soe_research/2143
https://ink.library.smu.edu.sg/context/soe_research/article/3143/viewcontent/JEEM_numerical_climate_2008.pdf
Tags: Add Tag
No Tags, Be the first to tag this record!
Institution: Singapore Management University
Language: English

Internet

https://ink.library.smu.edu.sg/soe_research/2143
https://ink.library.smu.edu.sg/context/soe_research/article/3143/viewcontent/JEEM_numerical_climate_2008.pdf

Similar Items