Discounting the distant future: How much do uncertain rates increase valuations?

DOI10.1016/S0095-0696(02)00031-1MaRDI QIDQ1404947zbMATH OpenOpenAlexWikidataFDO

Authors Richard G. Newell, William A. Pizer

Publication date 25 August 2003

Published in Journal of Environmental Economics and Management (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/s0095-0696(02)00031-1

zbMATH Keywords

Climate policyDiscountingInterest rate forecastingIntergenerational equityUncertainty

Mathematics Subject Classification ID

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• Discounting climate change
• Discounting with fat-tailed economic growth
• Why the far-distant future should be discounted at its lowest possible rate
• Hyperbolic discounting of the far-distant future
• Time horizon and the discount rate.
• Extreme events, discounting and stochastic optimization
• Targets for global climate policy: an overview
• Deep reinforcement learning with temporal logics
• Planetary boundaries of consumption growth: declining social discount rates
• Semi-Markov decision processes with variance minimization criterion
• Markov control processes with randomized discounted cost
• Gamma discounting and expected net future value
• Valuation when disaster risks increase at an increasing rate
• It's not now or never: implications of investment timing and risk aversion on climate adaptation to extreme events
• Approximation, estimation and control of stochastic systems under a randomized discounted cost criterion
• ON HYPERBOLIC TIME DISCOUNTING IN EXHAUSTIBLE RESOURCE MODELS: AN APPLICATION TO WORLD OIL RESOURCES
• Constrained Markov decision processes with first passage criteria
• First passage problems for nonstationary discrete-time stochastic control systems
• Markov decision processes with state-dependent discount factors and unbounded rewards/costs
• Social discounting and the long rate of interest
• Statistical analysis and stochastic interest rate modeling for valuing the future with implications in climate change mitigation
• Valuing the distant future under stochastic resettings: the effect on discounting
• Risk-adjusted gamma discounting
• Certified reinforcement learning with logic guidance
• Infinite debt rollover in stochastic economies
• Adaptation Time to Climate-Induced Extreme Events—Impact of Trend, Seasonality, and Interest Rate Stochasticity
• The consumption-based determinants of the term structure of discount rates
• Ecological discounting

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