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
URLhttps://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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