The DOI matches its Crossref record; 2 of the 2 references it cites were found in a registry or an index.
Discounting climate change
Open accessAbstract
In this paper I offer a fairly complete account of the idea of social discount rates as applied to public policy analysis. I show that those rates are neither ethical primitives nor observables as market rates of return on investment, but that they ought instead to be derived from economic forecasts and society's conception of distributive justice concerning the allocation of goods and services across personal identities, time, and events. However, I also show that if future uncertainties are large, the formulation of intergenerational well-being we economists have grown used to could lead to ethical paradoxes even if the uncertainties are thin-tailed. Various modelling avenues that offer a way out of the dilemma are discussed. None is entirely satisfactory.
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Citations
Cites
A Review of the Stern Review on the Economics of Climate Change
Weitzman, M. L. (2007) · Journal of Economic Literature · doi:10.1257/jel.45.3.703 · Cited by 1,024 · cited 3×
“It seemed to me that the questionnaire had restricted economic possibilities in an unacceptable way.32 Weitzman (2007a) has revisited his earlier work and has altered the motivation behind his study.”
BackgroundInfluentialMyles, G. D. (1993) · European Journal of Political Economy · doi:10.1016/0176-2680(93)90012-j · Cited by 875
Cited by
Science for managing ecosystem services: Beyond the Millennium Ecosystem Assessment
Carpenter, S. R., Mooney, H. A., Agard, J., Capistrano, D., DeFries, R. S., Díaz, S., Dietz, T., Duraiappah, A. K., Oteng-Yeboah, A., Pereira, H. M., et al. (2009) · Proceedings of the National Academy of Sciences · doi:10.1073/pnas.0808772106 · Cited by 2,257
Carbon Taxes, Path Dependency, and Directed Technical Change: Evidence from the Auto Industry
Aghion, P., Dechezleprêtre, A., Hémous, D., Martin, R., & Van Reenen, J. (2016) · Journal of Political Economy · doi:10.1086/684581 · Cited by 1,604
A Review of the Stern Review on the Economics of Climate Change
Weitzman, M. L. (2007) · Journal of Economic Literature · doi:10.1257/jel.45.3.703 · Cited by 1,024
Estimating a social cost of carbon for global energy consumption
Rode, A., Carleton, T., Delgado, M., Greenstone, M., Houser, T., Hsiang, S., Hultgren, A., Jina, A., Kopp, R. E., McCusker, K. E., et al. (2021) · Nature · doi:10.1038/s41586-021-03883-8 · Cited by 380
GHG T argets as I nsurance A gainst C atastrophic C limate D amages
WEITZMAN, M. L. (2012) · Journal of Public Economic Theory · doi:10.1111/j.1467-9779.2011.01539.x · Cited by 373
Metadata
- Authors
- Dasgupta, P.
- Venue
- Journal of Risk and Uncertainty
- Published
- 2008-09-04
- Volume
- 37
- Issue
- 2-3
- Pages
- 141-169
- ISSN
- 0895-5646 (ISSN-L)
- 1573-0476
- OpenAlex
- W2146674103
- Cited by
- 573
- References
- 2
- FWCI
- 93.28
- Type
- journal article
- Language
- en
- Open access
- green
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- Dasgupta, P. (2008). Discounting climate change. Journal of Risk and Uncertainty. https://doi.org/10.1007/s11166-008-9049-6
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
