G2TT
来源类型FEEM working papers "Note di lavoro" series
规范类型论文
Accounting for Different Uncertainties: Implications for Climate Investments?
Svenja Hector
发表日期2013
出处Climate Change and Sustainable Development
出版年2013
语种英语
摘要The paper clarifies the link between changes in risk aversion and the effect on the consumption discount rate. In a general framework that can cope with various forms of uncertainty, it is shown that the response of the consumption discount rate to a change in risk aversion depends on some fundamental properties of the considered uncertainties. The application of this general result to specific forms of uncertainty extends existing results to more general forms of risk and yields a new result on preference uncertainty. *** Suggested citation: Hector, S., (2013), 'Accounting for Different Uncertainties: Implications for Climate Investments?' Nota di Lavoro 107.2013, Milan, Italy: Fondazione Eni Enrico Mattei.
特色分类H43;D81;Q54
关键词Discount Rate Risk Aversion Kreps-Porteus-Selden Risk-Sensitive Preferences Uncertain Preferences Climate Change
URLhttps://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/accounting-for-different-uncertainties-implications-for-climate-investments/
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/118213
推荐引用方式
GB/T 7714
Svenja Hector. Accounting for Different Uncertainties: Implications for Climate Investments?. 2013.
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