Discounting under uncertainty: Disentangling the Weitzman and the Gollier effect

The uncertainty of future economic development affects the term structure of discount rates and, thus, the intertemporal weights that are to be used in cost benefit analysis. The U.K. and France have recently adopted a falling term structure to incorporate uncertainty and the U.S. is considering a s...

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Veröffentlicht in:	Journal of environmental economics and management 2013-11, Vol.66 (3), p.573-582
1. Verfasser:	Traeger, Christian P.
Format:	Artikel
Sprache:	eng
Schlagworte:	Benefit cost analysis Discount rates Discounting Economic development France Studies Term structure Uncertainty United Kingdom United States Weitzman–Gollier puzzle
Online-Zugang:	Volltext
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