Please use this identifier to cite or link to this item: https://doi.org/10.21256/zhaw-81
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dc.contributor.authorSchleiniger, Reto-
dc.date.accessioned2015-07-10T12:02:41Z-
dc.date.available2015-07-10T12:02:41Z-
dc.date.issued2010-
dc.identifier.urihttps://digitalcollection.zhaw.ch/handle/11475/81-
dc.description.abstractThe Stern Review about the Economics of Climate Change once again launched a debate about the correct discount rate, particularly in the very long run. The present article proposes to strictly unravel the two aspects of efficiency and justice that are often mingled in the discount rate debate. Following Coase, it is suggested to first distribute the property rights of a natural climate between the generations. In a second step, compensating schemes to achieve efficiency are analysed. With such an approach, the discount rate boils down to the rate of the marginal product of capital and does not need to include normative claims.en
dc.description.abstractDer Stern Report über die Folgen des Klimawandels hat einmal mehr eine Debatte über die richtige Höhe der Diskonrate in der sehr langen Frist ausgelöst. Im vorliegenden Artikel wird gezeigt, wie bei dieser Diskussion der Gerechtigkeits- vom Effizienzaspekt klar getrennt werden kann. Im Sinne von Coase werden in einem ersten Schritt die Eigentumsrechte an einem naturbelassenen Klima zwischen den Generationen verteilt. In einem zweiten Schritt lassen sich dann Kompensationszahlungen zur Erreichung des Effizienzzieles analysieren. Damit reduziert sich die Frage der richtigen Diskontrate auf die Höhe des Grenzprodukts des Kapitals.de_CH
dc.description.abstractThe Stern Review about the Economics of Climate Change once again launched a debate about the correct discount rate, particularly in the very long run. The present article proposes to strictly unravel the two aspects of efficiency and justice that are often mingled in the discount rate debate. Following Coase, it is suggested to first distribute the property rights of a natural climate between the generations. In a second step, compensating schemes to achieve efficiency are analysed. With such an approach, the discount rate boils down to the rate of the marginal product of capital and does not need to include normative claims.de_CH
dc.format.extent33de_CH
dc.language.isodede_CH
dc.publisherZHAW Zürcher Hochschule für Angewandte Wissenschaftende_CH
dc.subjectKlimapolitikde_CH
dc.subjectDiskontierungde_CH
dc.subjectEigentumsrechtede_CH
dc.subjectClimate Policyen
dc.subjectDiscountingen
dc.subjectProperty Rightsen
dc.subject.ddc333: Bodenwirtschaft und Ressourcende_CH
dc.titleKlimapolitik, Zinssätze und Eigentumsrechtede_CH
dc.typeWorking Paper – Gutachten – Studiede_CH
dcterms.typeTextde_CH
zhaw.departementSchool of Management and Lawde_CH
zhaw.organisationalunitFachstelle für Wirtschaftspolitik (FWP)de_CH
zhaw.publisher.placeWinterthurde_CH
dc.identifier.doi10.21256/zhaw-81-
zhaw.funding.euNode_CH
zhaw.originated.zhawYesde_CH
Appears in collections:Wirtschaftspolitik

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