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On the Underestimation of the Precautionary Effect in Discounting

Gollier, Christian - 2011

Using the extended Ramsey rule, the socially efficient rate is the difference between a wealth effect and a precautionary effect of economic growth. This second effect is increasing in the degree of uncertainty affecting the future. In the literature, it is usually calibrated by estimating the...

Persistent link: https://www.econbiz.de/10013121828

On the underestimation of the precautionary effect in discounting

Gollier, Christian - 2011

Using the extended Ramsey rule, the socially efficient rate is the difference between a wealth effect and a precautionary effect of economic growth. This second effect is increasing in the degree of uncertainty affecting the future. In the literature, it is usually calibrated by estimating the...

Persistent link: https://www.econbiz.de/10009240788

On the underestimation of the precautionary effect in discounting

Gollier, Christian - In: The Geneva risk and insurance review 36 (2011) 2, pp. 95-111

Persistent link: https://www.econbiz.de/10009389219

Climate change and housing prices : hedonic estimates for ski resorts in Western North America

Butsic, Van; Hanak, Ellen E.; Valletta, Robert G. - In: Land economics : applied research on environmental resources 87 (2011) 1, pp. 75-91

Persistent link: https://www.econbiz.de/10009159318

Climate change and corporate credit worthiness : international evidence

Nguyen, Harvey; Anh Viet Pham; Man Duy Pham; Mia Hang Pham - In: Global finance journal 64 (2025), pp. 1-26

Persistent link: https://www.econbiz.de/10015423077

Price recovery after the flood : risk to residential property values from climate change-related flooding

Nguyen, Quyen; Thorsnes, Paul; Diaz-Rainey, Ivan; … - In: The Australian journal of agricultural and resource … 66 (2022) 3, pp. 532-560

Persistent link: https://www.econbiz.de/10013329761

Escaping air pollution : do Chinese students and immigrants drive property prices and economic activity abroad?

Chang, Yuk-Ying; Dasgupta, Sudipto - 2021

Persistent link: https://www.econbiz.de/10012703347

Climate change and real estate prices

Semenenko, Igor; Yoo, Junwook - In: International journal of economics and finance 11 (2019) 11, pp. 1-11

Persistent link: https://www.econbiz.de/10012130730

McIntosh, Malcolm - In: Citizenship and sustainability in organizations : …, (pp. 152-156). 2021

Persistent link: https://www.econbiz.de/10012436892

Housing market value impairment from future sea-level rise inundation

Rodziewicz, David; Amante, Christopher J.; Dice, Jacob; … - 2020

Persistent link: https://www.econbiz.de/10012498937

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