The risk-adjusted carbon price
A popular model of economy and climate change has logarithmic preferences and damages proportional to the carbon stock in which case the certainty-equivalent carbon price is optimal. We allow for different aversions to risk and intertemporal fluctuations, convex damages, uncertainties in economic gr...
| Váldodahkkit: | , |
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| Materiálatiipa: | Working paper |
| Almmustuhtton: |
University of Oxford
2018
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