Titlebook: Climate Policy Under Intergenerational Discounting; An Application of th Jonathan Orlando Zaddach Book 2016 Springer Fachmedien Wiesbaden 2

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Book 2016mal climate policy. Furthermore, he carries out a one-factor-at-a-time (OFAT) sensitivity analysis to check the discounting scheme for robustness. It turns out that the proposed discounting scheme fails in incorporating consumer sovereignty and intergenerational equity sufficiently..

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Conclusions,discounting scheme which assigns to all generations equal weights without disregarding their true preferences. In this thesis, we applied this discounting scheme in the latest DICE model and presented its implications for optimal climate policy.

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Consumer Sovereignty vs. Intergenerational Equity: An Overview of the Stern-Nordhaus Debate,ns such as the reduction of GHG emissions, the correct parametrization is indeed challenging. Here, supposedly small differences in the formula values have major impacts on policy outcomes. In particular, the value assignment for the pure rate of time preference is very controversial as different va

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Intergenerational Discounting and Overlapping Generations Models,e well-being of one generation and projects that affect the well-being of more than one generation. A discount rate that applies the traditional sort of time preferences in the context of intergenerational project evaluation does not adequately represent the overall (intertemporal) society’s prefere

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