Yohe, Gary W.; Tol, Richard S. J.; Anthoff, David - In: Economics: The Open-Access, Open-Assessment E-Journal 3 (2009) 2009-24, pp. 1-22
has three components: the pure rate of time preference, a measure of relative risk aversion, and the rate of growth of per … on the role played by the pure rate of time preference in this formulation. We show that the other two elements are … one can obtain almost any estimate of the social cost of carbon. We even show that, for a low pure rate of time preference …