{"status":"OK","data":{"id":53560,"identifier":"DVN/W4S6SK","persistentUrl":"https://doi.org/10.7910/DVN/W4S6SK","protocol":"doi","authority":"10.7910","separator":"/","publisher":"Harvard Dataverse","publicationDate":"2009-11-25","storageIdentifier":"s3://1902.1/13764","effectiveDatasetFileCountLimit":1000,"datasetFileUploadsAvailable":997,"datasetType":"dataset","locks":[],"latestVersion":{"id":51607,"datasetId":53560,"datasetPersistentId":"doi:10.7910/DVN/W4S6SK","datasetType":"dataset","storageIdentifier":"s3://1902.1/13764","versionNumber":1,"internalVersionNumber":1,"versionMinorNumber":0,"versionState":"RELEASED","latestVersionPublishingState":"RELEASED","deaccessionNote":"Initial version","deaccessionLink":"","distributionDate":"2009","productionDate":"2009","lastUpdateTime":"2009-11-25T13:12:48Z","releaseTime":"2009-11-25T00:00:00Z","createTime":"2009-10-19T12:02:13Z","alternativePersistentId":"hdl:1902.1/13764","publicationDate":"2009-11-25","citationDate":"2009-11-25","effectiveDatasetFileCountLimit":1000,"datasetFileUploadsAvailable":997,"license":{"name":"CC0 1.0","uri":"http://creativecommons.org/publicdomain/zero/1.0","iconUri":"https://licensebuttons.net/p/zero/1.0/88x31.png","rightsIdentifier":"CC0-1.0","rightsIdentifierScheme":"SPDX","schemeUri":"https://spdx.org/licenses/","languageCode":"en"},"fileAccessRequest":false,"metadataBlocks":{"citation":{"displayName":"Citation Metadata","name":"citation","fields":[{"typeName":"title","multiple":false,"typeClass":"primitive","value":"Discounting for Climate Change [Dataset]"},{"typeName":"author","multiple":true,"typeClass":"compound","value":[{"authorName":{"typeName":"authorName","multiple":false,"typeClass":"primitive","value":"David Anthoff"},"authorAffiliation":{"typeName":"authorAffiliation","multiple":false,"typeClass":"primitive","value":"Economic and Social Research Institute, Dublin"}},{"authorName":{"typeName":"authorName","multiple":false,"typeClass":"primitive","value":"Richard S. J. Tol"},"authorAffiliation":{"typeName":"authorAffiliation","multiple":false,"typeClass":"primitive","value":"Economic and Social Research Institute, Dublin, and Vrije Universiteit, Amsterdam"}},{"authorName":{"typeName":"authorName","multiple":false,"typeClass":"primitive","value":"Gary W. Yohe"},"authorAffiliation":{"typeName":"authorAffiliation","multiple":false,"typeClass":"primitive","value":"Wesleyan University, Middletow"}}]},{"typeName":"datasetContact","multiple":true,"typeClass":"compound","value":[{"datasetContactName":{"typeName":"datasetContactName","multiple":false,"typeClass":"primitive","value":"Korinna Werner-Schwarz"},"datasetContactAffiliation":{"typeName":"datasetContactAffiliation","multiple":false,"typeClass":"primitive","value":"Kiel Institute for the World Economy"},"datasetContactEmail":{"typeName":"datasetContactEmail","multiple":false,"typeClass":"primitive","value":"korinna.werner-schwarz@economics-ejournal.org"}}]},{"typeName":"dsDescription","multiple":true,"typeClass":"compound","value":[{"dsDescriptionValue":{"typeName":"dsDescriptionValue","multiple":false,"typeClass":"primitive","value":"It is well-known that the discount rate is crucially important for estimating the social cost of\ncarbon, a standard indicator for the seriousness of climate change and desirable level of climate\r policy. The Ramsey equation for the discount rate has three components: the pure rate of time\r preference, a measure of relative risk aversion, and the rate of growth of per capita\r consumption. Much of the attention on the appropriate discount rate for long-term\r environmental problems has focussed on the role played by the pure rate of time preference in\r this formulation. We show that the othe\nr two elements are numerically just as important in\r considerations of anthropogenic climate change. The elasticity of the marginal utility with\r respect to consumption is particularly important because it assumes three roles: consumption\r smoothing over time, risk aversion, and inequity aversion. Given the large uncertainties about\r climate change and widely asymmetric impacts, the assumed rates of risk and inequity aversion\r can be expected to play significant roles. The consumption growth rat\ne plays multiple roles, as\r well. It is one of the determinants of the discount rate, and one of the drivers of emissions and\r hence climate change. We also find that the impacts of climate change grow slower than\r income, so the effective discount rate is higher than the real discount rate. Moreover, the\r differential growth rate between rich and poor countries determines the time evolution of the\r size of the equity weights. As there are a number of crucial but uncertain parameters, it is no\nsurprise that one can obtain almost any estimate of the social cost of carbon. We even show\nthat, for a low pure rate of time preference, the estimate of the social cost of carbon is indeed\r arbitrary—as one can exclude neither large positive nor large negative impacts in the very long\r run. However, if we probabilistically constrain the parameters to values that are implied by\r observed behaviour, we find that the expected social cost of carbon, corrected for uncertainty\r and inequity, is approximate 60 US dollar per metric tonne of carbon (or roughly $17 per tonne\r of CO2) under th\ne assumption that catastrophic risk is zero."},"dsDescriptionDate":{"typeName":"dsDescriptionDate","multiple":false,"typeClass":"primitive","value":"2009"}}]},{"typeName":"keyword","multiple":true,"typeClass":"compound","value":[{"keywordValue":{"typeName":"keywordValue","multiple":false,"typeClass":"primitive","value":"Social cost of carbon"}},{"keywordValue":{"typeName":"keywordValue","multiple":false,"typeClass":"primitive","value":"Climate change"}},{"keywordValue":{"typeName":"keywordValue","multiple":false,"typeClass":"primitive","value":"Pure time preference"}},{"keywordValue":{"typeName":"keywordValue","multiple":false,"typeClass":"primitive","value":"Risk aversion"}},{"keywordValue":{"typeName":"keywordValue","multiple":false,"typeClass":"primitive","value":"Inequity aversion"}},{"keywordValue":{"typeName":"keywordValue","multiple":false,"typeClass":"primitive","value":"Income elasticity"}},{"keywordValue":{"typeName":"keywordValue","multiple":false,"typeClass":"primitive","value":"Time horizon"}},{"keywordValue":{"typeName":"keywordValue","multiple":false,"typeClass":"primitive","value":"Uncertainty"}}]},{"typeName":"topicClassification","multiple":true,"typeClass":"compound","value":[{"topicClassValue":{"typeName":"topicClassValue","multiple":false,"typeClass":"primitive","value":"Q54"},"topicClassVocab":{"typeName":"topicClassVocab","multiple":false,"typeClass":"primitive","value":"JEL"}}]},{"typeName":"publication","multiple":true,"typeClass":"compound","value":[{"publicationCitation":{"typeName":"publicationCitation","multiple":false,"typeClass":"primitive","value":"David Anthoff, Richard S. J. Tol, and Gary W. Yohe (2009). Discounting for Climate Change. Economics: The Open-Access, Open-Assessment E-Journal, Vol. 3, 2009-24.  <a href=\"http://www.economics-ejournal.org/economics/journalarticles/2009-24\"> http://www.economics-ejournal.org/economics/journalarticles/2009-24</a>"}},{"publicationCitation":{"typeName":"publicationCitation","multiple":false,"typeClass":"primitive","value":"David Anthoff, Richard S. J. Tol, and Gary W. Yohe (2009). Discounting for Climate Change. Economics: The Open-Access, Open-Assessment E-Journal, Vol. 3, 2009-24.  <a href=\"http://www.economics-ejournal.org/economics/journalarticles/2009-24\"> http://www.economics-ejournal.org/economics/journalarticles/2009-24</a>"}},{"publicationCitation":{"typeName":"publicationCitation","multiple":false,"typeClass":"primitive","value":"David Anthoff, Richard S. J. Tol, and Gary W. Yohe (2009). Discounting for Climate Change. Economics Discussion Papers, No 2009-15. <a href=\"http://www.economics-ejournal.org/economics/discussionpapers/2009-15\"> http://www.economics-ejournal.org/economics/discussionpapers/2009-15</a>"}}]},{"typeName":"productionDate","multiple":false,"typeClass":"primitive","value":"2009"},{"typeName":"distributor","multiple":true,"typeClass":"compound","value":[{"distributorName":{"typeName":"distributorName","multiple":false,"typeClass":"primitive","value":"Economics: The Open-Access, Open-Assessment E-Journal"},"distributorURL":{"typeName":"distributorURL","multiple":false,"typeClass":"primitive","value":"http://www.economics-ejournal.org"},"distributorLogoURL":{"typeName":"distributorLogoURL","multiple":false,"typeClass":"primitive","value":"http://www.economics-ejournal.org/logo.png"}}]},{"typeName":"distributionDate","multiple":false,"typeClass":"primitive","value":"2009"},{"typeName":"dateOfDeposit","multiple":false,"typeClass":"primitive","value":"2009-10-19"},{"typeName":"kindOfData","multiple":true,"typeClass":"primitive","value":["aggregate data"]}]},"geospatial":{"displayName":"Geospatial Metadata","name":"geospatial","fields":[{"typeName":"geographicCoverage","multiple":true,"typeClass":"compound","value":[{"otherGeographicCoverage":{"typeName":"otherGeographicCoverage","multiple":false,"typeClass":"primitive","value":"global"}}]}]},"socialscience":{"displayName":"Social Science and Humanities Metadata","name":"socialscience","fields":[{"typeName":"timeMethod","multiple":false,"typeClass":"primitive","value":"Time series"}]}},"files":[{"description":"Technical Description for FUND 3.3","label":"FundTechnicalDescription.pdf","restricted":false,"version":1,"datasetVersionId":51607,"categories":["1. Documentation"],"dataFile":{"id":1522814,"persistentId":"doi:10.7910/DVN/W4S6SK/1XKMO8","pidURL":"https://doi.org/10.7910/DVN/W4S6SK/1XKMO8","filename":"FundTechnicalDescription.pdf","contentType":"application/pdf","friendlyType":"Adobe PDF","filesize":250633,"description":"Technical Description for FUND 3.3","categories":["1. Documentation"],"storageIdentifier":"s3://dvn-cloud:52337","rootDataFileId":-1,"md5":"52021afa711ee276aa149aeb8a4ecca2","checksum":{"type":"MD5","value":"52021afa711ee276aa149aeb8a4ecca2"},"tabularData":false,"creationDate":"2009-10-19","publicationDate":"2009-11-24","lastUpdateTime":"2009-11-25T13:12:48Z","fileAccessRequest":false}},{"description":"Technical tables for FUND 3.3","label":"FundTechnicalTables.pdf","restricted":false,"version":1,"datasetVersionId":51607,"categories":["1. Documentation"],"dataFile":{"id":1522816,"persistentId":"doi:10.7910/DVN/W4S6SK/SCIDUK","pidURL":"https://doi.org/10.7910/DVN/W4S6SK/SCIDUK","filename":"FundTechnicalTables.pdf","contentType":"application/pdf","friendlyType":"Adobe PDF","filesize":251345,"description":"Technical tables for FUND 3.3","categories":["1. Documentation"],"storageIdentifier":"s3://dvn-cloud:52338","rootDataFileId":-1,"md5":"326c59ae0d840ad794796e3c4dc2ae84","checksum":{"type":"MD5","value":"326c59ae0d840ad794796e3c4dc2ae84"},"tabularData":false,"creationDate":"2009-10-19","publicationDate":"2009-11-24","lastUpdateTime":"2009-11-25T13:12:48Z","fileAccessRequest":false}},{"description":"FUND Version 3.3; for more information visit: http://www.fnu.zmaw.de/FUND.5679.0.html","label":"FundVersion3.3.zip","restricted":false,"version":1,"datasetVersionId":51607,"categories":["2. Data"],"dataFile":{"id":1522815,"persistentId":"doi:10.7910/DVN/W4S6SK/X060YA","pidURL":"https://doi.org/10.7910/DVN/W4S6SK/X060YA","filename":"FundVersion3.3.zip","contentType":"application/zip","friendlyType":"ZIP Archive","filesize":1749131,"description":"FUND Version 3.3; for more information visit: http://www.fnu.zmaw.de/FUND.5679.0.html","categories":["2. Data"],"storageIdentifier":"s3://dvn-cloud:52336","rootDataFileId":-1,"md5":"90fef556811766cb8f5714ffb68f0fc1","checksum":{"type":"MD5","value":"90fef556811766cb8f5714ffb68f0fc1"},"tabularData":false,"creationDate":"2009-10-19","publicationDate":"2009-11-24","lastUpdateTime":"2009-11-25T13:12:48Z","fileAccessRequest":false}}]}}}