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来源类型 | FEEM working papers "Note di lavoro" series |
规范类型 | 论文 |
Recursive Intergenerational Utility in Global Climate Risk Modeling | |
Minh Ha-Duong; Nicolas Treich | |
发表日期 | 1999 |
出处 | Climate Change and Sustainable Development |
出版年 | 1999 |
语种 | 英语 |
摘要 | This paper distinguishes relative risk aversion and resistance to intertemporal substitution in climate risk modelling. Stochastic recursive preferences are introduced in a stylised numeric climate-economy model using preliminary IPPC 1998 scenarios. It shows that higher risk aversion increases the optimal carbon tax. Higher resistance to intertemporal substitution alone has the same effect as increasing the discount rate, provided that the risk is not too large. We discuss implications of these findings for the debate upon discounting and sustainability under uncertainty. |
特色分类 | Q20,D81,D90,H43 |
关键词 | Recursive utility,risk,discounting,sustainability,climate |
URL | https://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/recursive-intergenerational-utility-in-global-climate-risk-modeling/ |
来源智库 | Fondazione Eni Enrico Mattei (Italy) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/116484 |
推荐引用方式 GB/T 7714 | Minh Ha-Duong,Nicolas Treich. Recursive Intergenerational Utility in Global Climate Risk Modeling. 1999. |
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文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
NDL1999-092.pdf(148KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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