Anthoff, David; Tol, Richard S. J.; Yohe, Gary W. - Institut für Weltwirtschaft (IfW) - 2009
has three components: the pure rate of time preference, a measure of relative risk aversion, and the rate of growth of per … respect to consumption is particularly important because it assumes three roles: consumption smoothing over time, risk … aversion, and inequity aversion. Given the large uncertainties about climate change and widely asymmetric impacts, the assumed …