Declining Discount Rates: The Long and the Short of it

By B. Groom, Cameron Hepburn, Phoebe Koundouri, D. Pearce. 2005

187 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Management, Monitoring, Policy and Law

View Paper: https://www.semanticscholar.org/paper/d258ee08497b9259eef4a5576fa4b10ebf7cbeec

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Citations in the corpus

Limits to CBA in UK and European environmental policy: retrospects and future prospects (2007, background): “For some the case for DDR is, however, still not proven beyond doubt ( Groom et al, 2005 ).”
Very Long-Run Discount Rates (2015, background): “…of the investment matters because estimates of expected returns of assets capture only their average return, which might not reveal the appropriate discount rates 32See also: Arrow et al. (1996); Weitzman (1998); Groom et al. (2005); Gollier (2006); Nordhaus (2007); Weitzman (2007); Pindyck (2013).”
Discounting and the social cost of carbon: A closer look at uncertainty (2006, background): “Traditionally, constant discount rates have been employed, although some recent economic literature suggests that a time varying, particularly a declining discount rate is more suitable for long-term problems such as climate change (Groom et al., 2005).”
A Third Wave in the Economics of Climate Change (2015, background): “And even if a single well-specified utility function were appropriate, debate continues over the various parameters—including the pure rate of time preference and the elasticity of marginal utility in the standard expected utility framework—that are needed to undertake the analysis (Atkinson et al. ”
Human rights, climate change, and discounting (2008, background): “For example, some have advocated hyperbolic discount rates (on which see Ainslie, 2001, Groom et al. 2005, pp. 471–473).”
Environmental Cost-Benefit Analysis (2008, background): “(111), for example, speculate whether these problems are more significant than policy inconsistencies and reversals elsewhere in the political domain.”