EconPapers    
Economics at your fingertips  
 

Stern and his critics on discounting and climate change

John Quiggin ()

No 152087, Risk and Sustainable Management Group Working Papers from University of Queensland, School of Economics

Abstract: This review will focus on the question of discounting. The paper begins with an outline of the expected utility model used in the Stern Review. Next, the question of ‘inherent discounting’, that is, the idea that future outcomes should be discounted simply because they are in the future, is examined, along with the closely related concept of the pure rate of time preference. This discussion forms the basis for an assessment of the approaches to discounting and climate change adopted by the Stern Review and by its critics.

Keywords: Environmental Economics and Policy; Resource /Energy Economics and Policy (search for similar items in EconPapers)
Pages: 16
Date: 2007-06-19
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
https://ageconsearch.umn.edu/record/152087/files/WPC07_01.pdf (application/pdf)

Related works:
Working Paper: Stern and his critics on discounting and climate change (2007) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:uqsers:152087

DOI: 10.22004/ag.econ.152087

Access Statistics for this paper

More papers in Risk and Sustainable Management Group Working Papers from University of Queensland, School of Economics Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().

 
Page updated 2022-07-31
Handle: RePEc:ags:uqsers:152087