Discounting the Future: on Climate Change, Ambiguity Aversion and Epstein-Zin Preferences
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- van Wijnbergen, Sweder & Olijslagers, Stan, 2019. "Discounting the Future: on Climate Change, Ambiguity Aversion and Epstein-Zin Preferences," CEPR Discussion Papers 13708, C.E.P.R. Discussion Papers.
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- René Bernard & Panagiota Tzamourani & Michael Weber, 2022. "Climate change and individual behavior," VfS Annual Conference 2021 (Virtual Conference): Climate Economics 242592, Verein für Socialpolitik / German Economic Association, revised 2022.
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More about this item
Keywords
Social Cost of Carbon; Ambiguity Aversion; Epstein-Zin preferences; Stochastic Differential Utility; Climate Change;All these keywords.
JEL classification:
- Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
- Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
- G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates
- G13 - Financial Economics - - General Financial Markets - - - Contingent Pricing; Futures Pricing
NEP fields
This paper has been announced in the following NEP Reports:- NEP-DGE-2019-05-27 (Dynamic General Equilibrium)
- NEP-ENE-2019-05-27 (Energy Economics)
- NEP-ENV-2019-05-27 (Environmental Economics)
- NEP-RES-2019-05-27 (Resource Economics)
- NEP-UPT-2019-05-27 (Utility Models and Prospect Theory)
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