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dc.contributor.authorGuest, Rossen_US
dc.date.accessioned2017-04-24T11:57:09Z
dc.date.available2017-04-24T11:57:09Z
dc.date.issued2011en_US
dc.date.modified2012-03-21T23:17:58Z
dc.identifier.issn13504851en_US
dc.identifier.doi10.1080/13504851.2010.528352en_US
dc.identifier.urihttp://hdl.handle.net/10072/43774
dc.description.abstractThis article examines the implications of alternative social time preference assumptions for the optimal carbon price by numerical simulations of a simple Ramsey model. Three specifications of social time preferences are compared: a constant social time preference rate (stpr), decreasing social impatience or hyperbolic social preferences and increasing social impatience. The results show nontrivial effects on the optimal carbon price. The policy implication is that value judgements about intergenerational welfare, reflected in stpr, have implications for policies aimed at achieving a target carbon price. These value judgements therefore ought to be made explicit in setting target carbon prices over time.en_US
dc.description.peerreviewedYesen_US
dc.description.publicationstatusYesen_US
dc.languageEnglishen_US
dc.publisherRoutledgeen_US
dc.publisher.placeUnited Kingdomen_US
dc.relation.ispartofstudentpublicationNen_US
dc.relation.ispartofpagefrom1163en_US
dc.relation.ispartofpageto1166en_US
dc.relation.ispartofissue12en_US
dc.relation.ispartofjournalApplied Economics Lettersen_US
dc.relation.ispartofvolume18en_US
dc.rights.retentionYen_US
dc.subject.fieldofresearchApplied Economics not elsewhere classifieden_US
dc.subject.fieldofresearchcode140299en_US
dc.titleSocial time preference and the optimal carbon priceen_US
dc.typeJournal articleen_US
dc.type.descriptionC1 - Peer Reviewed (HERDC)en_US
dc.type.codeC - Journal Articlesen_US
gro.facultyGriffith Business School, Department of Accounting, Finance and Economicsen_US
gro.date.issued2011
gro.hasfulltextNo Full Text


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