Anthoff, David; Tol, Richard S. J.; Yohe, Gary W. - 2009
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 … than the real discount rate. Moreover, the differential growth rate between rich and poor countries determines the time …