Endogenous Discounting and Climate Policy

Alley RB, Marotzke J, Nordhaus WD, Overpeck JT, Peteet DM, Pielke RS Jr, Pierrehumbert RT, Rhines PB, Stocker TF, Talley LD, Wallace JM (2003) Abrupt climate change. Science 299: 2005–2010

Aronsson T, Backlund K, Löfgren K-G (1998) Nuclear power, externalities and non-standard pigouvian taxes: a dynamical analysis under uncertainty. Environ Res Econ 11: 177–195

Arrow KJ (2007) Global climate change: a challenge to policy. Econ Voice 4(3) article 2

Bahn O, Haurie A, Malhamé R (2008) A stochastic control model for optimal timing of climate policies. Automatica 44: 1545–1558

Beckerman W, Hepburn C (2007) Ethics of the discount rate in the Stern review on the economics of climate change. World Econ 8: 187–210

Clarke HR, Reed WJ (1994) Consumption/pollution tradeoffs in an environment vulnerable to pollution-related catastrophic collapse. J Econ Dyn Control 18(5): 991–1010

Dasgupta P (2007) Commentary: The Stern review’s economics of climate change. Natl Inst Econ Rev 199(1): 4–7

Haurie A, Moresino F (2006) A stochastic control model of economic growth with environmental disaster prevention. Automatica 42: 1417–1428

IPCC4 (2007) Climate change 2007: the physical science basis contribution of working group I to the fourth assessment report of the intergovernmental panel on climate change. Cambridge University Press, Cambridge

Karp L, Tsur Y (2007) Time perspective, discounting and climate change policy. Discussion paper, Hebrew University of Jerusalem, http://departments.agri.huji.ac.il/economics/yacov-karp.pdf

Mastrandrea MD, Schneider SH (2001) Integrated assessment of abrupt climatic changes. Clim Policy 1: 433–449

Nævdal E (2006) Dynamic optimization in the presence of threshold effects when the location of the threshold is uncertain—with an application to a possible disintegration of the western antarctic ice sheet. J Econ Dyn Control 30: 1131–1158

Nordhaus W (2007) A review of the Stern review on the economics of climate change. J Econ Lit 45: 686–702

Nordhaus WD (1999) Discounting and publc policies that affect the distant future. In: Portney PR, Weyant JP (eds) Discounting and intergenerational equity. Resources for the Future, Washington

Nordhaus WD, Boyer J (2000) Warming the world: economic models of global warming. The MIT Press, Cambridge

Pindyck RS (2007) Uncertainty in environmental economics. Rev Environ Econ Policy 1(1): 45–65

Ramsey FP (1928) A mathematical theory of saving. Econ J 38: 543–559

Schelling TC (2007) Climate change: the uncertainties, the certainties, and what they imply about action. Econ Voice 4(3) article 3

Steffensen JP, Andersen KK, Bigler M, Clausen HB, Dahl-Jensen D, Fischer H, Goto-Azuma K, Hansson M, Johnsen SJ, Jouzel J, Masson-Delmotte V, Popp T, Rasmussen SO, Rothlisberger R, Ruth U, Stauffer B, Siggaard-Andersen ML, Sveinbjornsdottir AE, Svensson A, White JWC (2008) High-resolution Greenland ice core data show abrupt climate change happens in few years. Science 321(5889): 680–684

Stern N (2007) The economics of climate change. Cambridge University Press, Cambridge

Tsur Y, Zemel A (1996) Accounting for global warming risks: resource management under event uncertainty. J Econ Dyn Control 20: 1289–1305

Tsur Y, Zemel A (2008) Regulating environmental threats. Environ Res Econ 39: 297–310

Weitzman ML (2007) The Stern review of the economics of climate change. J Econ Lit 45: 703–724

Weitzman ML (2009) On modeling and interpreting the economics of catastrophic climate change. Rev Econ Stat 91: 1–19