Anthoff, David; Tol, Richard S. J.; Yohe, Gary W. - 2009
indicator for the seriousness of climate change and desirable level of climate policy. The Ramsey equation for the discount rate … has three components: the pure rate of time preference, a measure of relative risk aversion, and the rate of growth of per … rates of risk and inequity aversion can be expected to play significant roles. The consumption growth rate plays multiple …