IDEAS Papers Articles All topics Start of topic tree

Your path in the tree: Start > Environmental and Natural Resource Economics > Climate economics > Discounting

Discounting

Narrower topics in the RePEc Biblio tree

• No sub-topic listed. You can volunteer to create one by contacting the editor of this entry.

---

This RePEc Biblio topic is edited by Richard S.j. Tol (pto90). It was first published on 2012-12-08 12:38:02 and last updated on 2017-08-10 07:48:47.

Introduction by the editor

If you do not care about the distant future, far-away lands, or remote possibilities, you need not care about climate change. Discussions of the discount rate and the discount function are prominent in climate policy analysis.

Most relevant JEL codes

• H43 - Public Economics -- Publicly Provided Goods --- Project Evaluation; Social Discount Rate
• D64 - Microeconomics -- Welfare Economics --- Altruism; Philanthropy; Intergenerational Transfers
• Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics -- Environmental Economics --- Climate; Natural Disasters and their Management; Global Warming

Most relevant NEP reports

NEP reports are email or RSS notifications about new research in selected fields. Subscriptions are free.

• NEP-ENV Environmental Economics
• NEP-UPT Utility Models and Prospect Theory

Most relevant research

1. Nicholas Stern, 2008, "The Economics of Climate Change," American Economic Review, American Economic Association, volume 98, issue 2, pages 1-37, May, DOI: 10.1257/aer.98.2.1.
2. Schelling, Thomas C, 1995, "Intergenerational discounting," Energy Policy, Elsevier, volume 23, issue 4-5, pages 395-401.
3. Ben Groom & Cameron Hepburn & Phoebe Koundouri & David Pearce, 2005, "Declining Discount Rates: The Long and the Short of it," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, volume 32, issue 4, pages 445-493, December, DOI: 10.1007/s10640-005-4681-y.
4. Martin L. Weitzman, 2001, "Gamma Discounting," American Economic Review, American Economic Association, volume 91, issue 1, pages 260-271, March.
   • Martin L. Weitzman, 1998, "Gamma Discounting," Harvard Institute of Economic Research Working Papers, Harvard - Institute of Economic Research, number 1843.
5. Christian Gollier & Richard Zeckhauser, 2005, "Aggregation of Heterogeneous Time Preferences," Journal of Political Economy, University of Chicago Press, volume 113, issue 4, pages 878-896, August, DOI: 10.1086/430853.
6. Gollier, Christian & Weitzman, Martin L., 2010, "How should the distant future be discounted when discount rates are uncertain?," Economics Letters, Elsevier, volume 107, issue 3, pages 350-353, June.
   • Christian Gollier & Martin L. Weitzman, 2009, "How Should the Distant Future be Discounted when Discount Rates are Uncertain?," CESifo Working Paper Series, CESifo, number 2863.
   • Gollier, Christian & Weitzman, Martin L., 2010, "How should the distant future be discounted when discount rates are uncertain?," Scholarly Articles, Harvard University Department of Economics, number 33373345.
   • Gollier, Christian & Weitzman, Martin L., 2009, "How Should the Distant Future be Discounted When Discount Rates are Uncertain?," IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse, number 588, Nov.
   • Gollier, Christian & Weitzman, Martin L., 2009, "How Should the Distant Future be Discounted When Discount Rates are Uncertain?," TSE Working Papers, Toulouse School of Economics (TSE), number 09-107, Nov.
7. Thomas Sterner & U. Martin Persson, 2008, "An Even Sterner Review: Introducing Relative Prices into the Discounting Debate," Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, volume 2, issue 1, pages 61-76, Winter.
   • Sterner, Thomas & Persson, U. Martin, 2007, "An Even Sterner Review: Introducing Relative Prices into the Discounting Debate," RFF Working Paper Series, Resources for the Future, number dp-07-37, Jul.
8. Graciela Chichilnisky, 1996, "An axiomatic approach to sustainable development," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, volume 13, issue 2, pages 231-257, April, DOI: 10.1007/BF00183353.
   • Chichilnisky, Graciela, 1995, "An axiomatic approach to sustainable development," MPRA Paper, University Library of Munich, Germany, number 8609, Oct.
9. Alvarez-Cuadrado, Francisco & Van Long, Ngo, 2009, "A mixed Bentham-Rawls criterion for intergenerational equity: Theory and implications," Journal of Environmental Economics and Management, Elsevier, volume 58, issue 2, pages 154-168, September.
   • Francisco Alvarez-Cuadrado & Ngo Van Long, 2007, "A Mixed Bentham-Rawls Criterion For Intergenerational Equity: Theory And Implications," Departmental Working Papers, McGill University, Department of Economics, number 2007-03, May.
   • ALVAREZ-CUADRADO, Francisco & LONG, Ngo Van, 2007, "A Mixed Bentham-Rawls Criterion for Intergenerational Equity : Theory and Implications," Cahiers de recherche, Centre interuniversitaire de recherche en économie quantitative, CIREQ, number 06-2007.
10. Dietz, Simon & Asheim, Geir B., 2012, "Climate policy under sustainable discounted utilitarianism," Journal of Environmental Economics and Management, Elsevier, volume 63, issue 3, pages 321-335, DOI: 10.1016/j.jeem.2012.01.003.
    • Simon Dietz & Geir B. Asheim, 2011, "Climate Policy under Sustainable Discounted Utilitarianism," CESifo Working Paper Series, CESifo, number 3563.
    • Dietz, Simon & Asheim, Geir B., 2011, "Climate policy under sustainable discounted utilitarianism," LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library, number 37578, Mar.
    • Simon Dietz & Geir B. Asheim, 2011, "Climate policy under sustainable discounted utilitarianism," GRI Working Papers, Grantham Research Institute on Climate Change and the Environment, number 42, Mar.
11. Kenneth J. Arrow & Maureen L. Cropper & Christian Gollier & Ben Groom & Geoffrey M. Heal & Richard G. Newell & William D. Nordhaus & Robert S. Pindyck & William A. Pizer & Paul R. Portney & Thomas Ste, 2014, "Editor's Choice Should Governments Use a Declining Discount Rate in Project Analysis?," Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, volume 8, issue 2, pages 145-163.
12. Freeman, Mark C. & Groom, Ben, 2016, "How certain are we about the certainty-equivalent long term social discount rate?," Journal of Environmental Economics and Management, Elsevier, volume 79, issue C, pages 152-168, DOI: 10.1016/j.jeem.2016.06.004.
    • Mark C. Freeman & Ben Groom, 2013, "How certain are we about the certainty-equivalent long term social discount rate?," GRI Working Papers, Grantham Research Institute on Climate Change and the Environment, number 138, Oct.
13. Stefano Giglio & Matteo Maggiori & Johannes Stroebel, 2015, "Editor's Choice Very Long-Run Discount Rates," The Quarterly Journal of Economics, President and Fellows of Harvard College, volume 130, issue 1, pages 1-53.
14. Shane Frederick & George Loewenstein & Ted O'Donoghue, 2002, "Time Discounting and Time Preference: A Critical Review," Journal of Economic Literature, American Economic Association, volume 40, issue 2, pages 351-401, June.

Privacy Legal