FEEM Re3: “Carbon Prices for the Next Thousand Years
Meno di un minuto
Changes in climate-related stocks have consequences spanning over centuries or possibly millennia to the future. To reconcile the discounting of such far-distant impacts and realism of the shorter-term decisions, Reyer Gerlagh, professor of Environmental Economics at Tilburg University, discusses hyperbolic time-preferences in a climate-economy model.
Review of Environment, Energy and Economics – Re3