{"id":"https://openalex.org/W1775253","doi":null,"title":"Intergenerational Equity, Social Discount Rates and Global Warming","display_name":"Intergenerational Equity, Social Discount Rates and Global Warming","publication_year":1996,"publication_date":"1996-01-01","ids":{"openalex":"https://openalex.org/W1775253","mag":"1775253"},"language":"en","primary_location":{"id":"pmh:oai:http://dlc.dlib.indiana.edu:10535/7979","doi":null,"is_oa":true,"landing_page_url":"http://hdl.handle.net/10535/7979","pdf_url":"http://hdl.handle.net/10535/7979","source":{"id":"https://openalex.org/S4306402437","display_name":"Digital Library Of The Commons Repository (Indiana University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I592451","host_organization_name":"Indiana University","host_organization_lineage":["https://openalex.org/I592451"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"Conference Paper"},"volume":null,"type":"conference-paper","indexed_in":[],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"http://hdl.handle.net/10535/7979","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5109204185","display_name":"Partha Sarathi Dasgupta","orcid":"https://orcid.org/0009-0005-4693-7856","observed_orcids":["https://orcid.org/0009-0005-4693-7856"]},"institutions":[{"id":"https://openalex.org/I241749","display_name":"University of Cambridge","ror":"https://ror.org/013meh722","country_code":"GB","type":"education","lineage":["https://openalex.org/I241749"]}],"countries":["GB"],"is_corresponding":false,"raw_author_name":"Dasgupta, Partha","raw_affiliation_strings":["Director, Beijer International Institute of Ecological Economics , Stockholm ","Professor of Economics at the University of Cambridge"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Director, Beijer International Institute of Ecological Economics , Stockholm ","institution_ids":[]},{"raw_affiliation_string":"Professor of Economics at the University of Cambridge","institution_ids":["https://openalex.org/I241749"]}]},{"author_position":"middle","author":{"id":null,"display_name":"Barrett, Scott","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I145311948","display_name":"Johns Hopkins University","ror":"https://ror.org/00za53h95","country_code":"US","type":"education","lineage":["https://openalex.org/I145311948"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Barrett, Scott","raw_affiliation_strings":["Professor, The Johns Hopkins University , Baltimore"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Professor, The Johns Hopkins University , Baltimore","institution_ids":["https://openalex.org/I145311948"]}]},{"author_position":"last","author":{"id":null,"display_name":"M??ler, Karl-G??ran","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"M??ler, Karl-G??ran","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":2,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":3.3265,"has_fulltext":true,"cited_by_count":76,"citation_normalized_percentile":{"value":0.92213115,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":99},"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10471","display_name":"Climate Change Policy and Economics","score":0.8378999829292297,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10471","display_name":"Climate Change Policy and Economics","score":0.8378999829292297,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11976","display_name":"Capital Investment and Risk Analysis","score":0.06369999796152115,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12883","display_name":"Sustainable Development and Environmental Management","score":0.020400000736117363,"subfield":{"id":"https://openalex.org/subfields/2308","display_name":"Management, Monitoring, Policy and Law"},"field":{"id":"https://openalex.org/fields/23","display_name":"Environmental Science"},"domain":{"id":"https://openalex.org/domains/3","display_name":"Physical Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/social-discount-rate","display_name":"social discount rate","score":0.9599999785423279},{"id":"https://openalex.org/keywords/intergenerational-equity","display_name":"intergenerational equity","score":0.8899999856948853},{"id":"https://openalex.org/keywords/intergenerational-justice","display_name":"intergenerational justice","score":0.9950000047683716},{"id":"https://openalex.org/keywords/global-warming","display_name":"global warming","score":0.8349999785423279},{"id":"https://openalex.org/keywords/numeraire","display_name":"numeraire","score":0.7229999899864197},{"id":"https://openalex.org/keywords/social-cost-benefit-analysis","display_name":"social cost-benefit analysis","score":0.781000018119812},{"id":"https://openalex.org/keywords/environmental-pollution","display_name":"environmental pollution","score":0.7310000061988831},{"id":"https://openalex.org/keywords/carbon-tax","display_name":"carbon tax","score":0.6380000114440918},{"id":"https://openalex.org/keywords/rate-of-return-on-investment","display_name":"rate of return on investment","score":0.640999972820282}],"concepts":[{"id":"https://openalex.org/C2778428519","wikidata":"https://www.wikidata.org/wiki/Q7551053","display_name":"Social discount rate","level":3,"score":0.765073299407959},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.7042393684387207},{"id":"https://openalex.org/C86637286","wikidata":"https://www.wikidata.org/wiki/Q7317264","display_name":"Rate of return","level":2,"score":0.6410127282142639},{"id":"https://openalex.org/C2781133197","wikidata":"https://www.wikidata.org/wiki/Q1502025","display_name":"Intergenerational equity","level":3,"score":0.6338446140289307},{"id":"https://openalex.org/C27548731","wikidata":"https://www.wikidata.org/wiki/Q88272","display_name":"Investment (military)","level":3,"score":0.5658650994300842},{"id":"https://openalex.org/C30772137","wikidata":"https://www.wikidata.org/wiki/Q5164762","display_name":"Consumption (sociology)","level":2,"score":0.5264554619789124},{"id":"https://openalex.org/C2781164615","wikidata":"https://www.wikidata.org/wiki/Q1291678","display_name":"Climate justice","level":3,"score":0.5216208696365356},{"id":"https://openalex.org/C199728807","wikidata":"https://www.wikidata.org/wiki/Q2578557","display_name":"Equity (law)","level":2,"score":0.49883580207824707},{"id":"https://openalex.org/C2779343474","wikidata":"https://www.wikidata.org/wiki/Q3109175","display_name":"Context (archaeology)","level":2,"score":0.4489086866378784},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.3709290027618408},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.3475674092769623},{"id":"https://openalex.org/C100001284","wikidata":"https://www.wikidata.org/wiki/Q2248246","display_name":"Public economics","level":1,"score":0.33051449060440063},{"id":"https://openalex.org/C127454912","wikidata":"https://www.wikidata.org/wiki/Q942582","display_name":"Cost\u2013benefit analysis","level":2,"score":0.25683674216270447},{"id":"https://openalex.org/C132651083","wikidata":"https://www.wikidata.org/wiki/Q7942","display_name":"Climate change","level":2,"score":0.2123258113861084},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.13566714525222778},{"id":"https://openalex.org/C66204764","wikidata":"https://www.wikidata.org/wiki/Q219416","display_name":"Sustainability","level":2,"score":0.13360849022865295},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.12537699937820435},{"id":"https://openalex.org/C144024400","wikidata":"https://www.wikidata.org/wiki/Q21201","display_name":"Sociology","level":0,"score":0.10156640410423279},{"id":"https://openalex.org/C18903297","wikidata":"https://www.wikidata.org/wiki/Q7150","display_name":"Ecology","level":1,"score":0.09842732548713684},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0},{"id":"https://openalex.org/C36289849","wikidata":"https://www.wikidata.org/wiki/Q34749","display_name":"Social science","level":1,"score":0.0},{"id":"https://openalex.org/C151730666","wikidata":"https://www.wikidata.org/wiki/Q7205","display_name":"Paleontology","level":1,"score":0.0},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0},{"id":"https://openalex.org/C94625758","wikidata":"https://www.wikidata.org/wiki/Q7163","display_name":"Politics","level":2,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"pmh:oai:http://dlc.dlib.indiana.edu:10535/7979","doi":null,"is_oa":true,"landing_page_url":"http://hdl.handle.net/10535/7979","pdf_url":"http://hdl.handle.net/10535/7979","source":{"id":"https://openalex.org/S4306402437","display_name":"Digital Library Of The Commons Repository (Indiana University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I592451","host_organization_name":"Indiana University","host_organization_lineage":["https://openalex.org/I592451"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"Conference Paper"}],"best_oa_location":{"id":"pmh:oai:http://dlc.dlib.indiana.edu:10535/7979","doi":null,"is_oa":true,"landing_page_url":"http://hdl.handle.net/10535/7979","pdf_url":"http://hdl.handle.net/10535/7979","source":{"id":"https://openalex.org/S4306402437","display_name":"Digital Library Of The Commons Repository (Indiana University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I592451","host_organization_name":"Indiana University","host_organization_lineage":["https://openalex.org/I592451"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"Conference Paper"},"sustainable_development_goals":[{"id":"https://metadata.un.org/sdg/13","display_name":"Climate action","score":0.685699999332428}],"sustainable_development_goals_aurora":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":true,"pdf":true},"content_urls":{"pdf":"https://content.openalex.org/works/W1775253.pdf","grobid_xml":"https://content.openalex.org/works/W1775253.grobid-xml"},"referenced_works_count":37,"referenced_works":["https://openalex.org/W1506643520","https://openalex.org/W1536907476","https://openalex.org/W1552030787","https://openalex.org/W1552615161","https://openalex.org/W1582563599","https://openalex.org/W1584737211","https://openalex.org/W1592420679","https://openalex.org/W1598236859","https://openalex.org/W1963883253","https://openalex.org/W1964260352","https://openalex.org/W1974609519","https://openalex.org/W1996249429","https://openalex.org/W2002135628","https://openalex.org/W2006333167","https://openalex.org/W2008438958","https://openalex.org/W2027271929","https://openalex.org/W2029270965","https://openalex.org/W2038491445","https://openalex.org/W2040749526","https://openalex.org/W2047348303","https://openalex.org/W2051016444","https://openalex.org/W2056075715","https://openalex.org/W2065699488","https://openalex.org/W2082864501","https://openalex.org/W2084433146","https://openalex.org/W2139823358","https://openalex.org/W2151944171","https://openalex.org/W2153355267","https://openalex.org/W2297625552","https://openalex.org/W2386509573","https://openalex.org/W2796787051","https://openalex.org/W2977382869","https://openalex.org/W2992969623","https://openalex.org/W3034333871","https://openalex.org/W3122903843","https://openalex.org/W3146731150","https://openalex.org/W4313370347"],"related_works":["https://openalex.org/W1976424328","https://openalex.org/W2013690646","https://openalex.org/W1502941853","https://openalex.org/W4394280708","https://openalex.org/W1562824578","https://openalex.org/W4251233037","https://openalex.org/W2057583417","https://openalex.org/W4230660424","https://openalex.org/W2087397067","https://openalex.org/W4240407723"],"abstract_inverted_index":{"\"This":[0],"article":[1],"is":[2,46,56,121,131,164,195,233],"about":[3],"the":[4,24,37,49,57,66,82,91,102,112,158,180,192,198,201,208,237],"logic":[5],"underlying":[6],"social":[7,97,117,181,202,254,269],"discount":[8,98,136,146,257,270],"rates.":[9],"We":[10,94,126,261],"argue":[11],"that":[12,48,72,88,96,105,129,157,264],"these":[13],"rates":[14,99,137,147,225,255,271],"are":[15,21,42],"not":[16],"ethical":[17],"raw":[18],"material,":[19],"but":[20],"derived":[22],"from":[23],"more":[25],"fundamental":[26],"notion":[27],"of":[28,34,39,107,141,160,183,219,226,239,243,256],"justice":[29,41],"among":[30,63,214],"generations.":[31],"A":[32],"number":[33],"approaches":[35],"to":[36,54,81,123,133,152,174],"concept":[38],"intergenerational":[40],"discussed,":[43],"and":[44,104,169],"it":[45,130],"argued":[47],"most":[50,215],"compelling":[51],"formulation":[52],"available":[53],"us":[55],"one":[58],"long":[59],"been":[60,150],"in":[61,265],"use":[62],"economists,":[64],"namely,":[65],"Ramsey-Koopmans":[67],"theory.":[68],"This":[69],"theory":[70],"advocates":[71],"investment":[73,163,186],"projects":[74],"having":[75],"longrun":[76],"effects":[77],"should":[78],"be":[79,124,153,188,205,259,273],"subjected":[80],"same":[83],"conceptual":[84],"treatment":[85],"as":[86,138,177],"those":[87],"affect":[89],"only":[90],"near":[92],"future.":[93],"show":[95,128,247],"depend":[100,110],"on":[101,111,155,162,185,222],"numeraire,":[103],"methods":[106],"estimating":[108,229],"them":[109],"institutional":[113,267],"setting":[114],"within":[115],"which":[116],"cost":[118],"benefit":[119],"analysis":[120],"assumed":[122],"undertaken.":[125],"also":[127,262],"incorrect":[132],"advocate":[134],"project-specific":[135],"a":[139,178,240],"way":[140],"conserving":[142],"environmental":[143,175,244],"resources.":[144],"Social":[145],"have":[148],"universally":[149],"taken":[151],"positive,":[154],"grounds":[156],"rate":[159,182,194,203],"return":[161,184,227],"positive.":[165],"But":[166],"if":[167],"consumption":[168],"production":[170],"activities":[171],"give":[172],"rise":[173],"pollution":[176,245],"by-product,":[179],"could":[187],"zero":[189],"even":[190,249],"when":[191],"private":[193,209],"positive;":[196],"at":[197],"very":[199],"least,":[200],"would":[204],"lower":[206],"than":[207],"rate.":[210],"The":[211],"current":[212],"practice":[213],"global":[216],"energy":[217],"modellers":[218],"relying":[220],"exclusively":[221],"(risk-free)":[223],"market":[224],"for":[228],"optimal":[230,252],"carbon":[231],"taxes":[232],"conceptually":[234],"faulty.":[235],"In":[236],"context":[238],"formal":[241],"model":[242],"we":[246],"how,":[248],"along":[250],"an":[251],"programme,":[253],"can":[258,272],"zero.":[260],"demonstrate":[263],"certain":[266],"settings,":[268],"negative.\"":[274]},"counts_by_year":[{"year":2025,"cited_by_count":1},{"year":2024,"cited_by_count":2},{"year":2023,"cited_by_count":2},{"year":2022,"cited_by_count":1},{"year":2020,"cited_by_count":1},{"year":2019,"cited_by_count":2},{"year":2018,"cited_by_count":4},{"year":2017,"cited_by_count":2},{"year":2016,"cited_by_count":1},{"year":2015,"cited_by_count":1},{"year":2014,"cited_by_count":4},{"year":2013,"cited_by_count":11},{"year":2012,"cited_by_count":5}],"updated_date":"2026-10-16T09:59:22.235173","created_date":"2025-10-10T00:00:00"}