全球智库信息集成服务系统(G2TT): Recursive Intergenerational Utility in Global Climate Risk Modeling

G2TT

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.