References
Arrow K (1971) Essays in the theory of risk-bearing. Markham, Chicago
Bernoulli D (1954) Exposition of a new theory of the measurement of risk. Econometrica 22(1):23–36 (originally published 1738)
Cline W (1991) Comments on Schelling. In: Dornbusch R, Poterba J (eds) Global warming: economic policy responses. MIT Press, Cambridge, pp 222–228
Dasgupta P (2006) Comments on the Stern Review’s Economics of Climate Change, mimeo, University of Cambridge, http://www.econ.cam.ac.uk/faculty/dasgupta/STERN.pdf
DeLong B (2006) Partha Dasgupta makes a mistake in his critique of the Stern Review, http://delong.typepad.com/sdj/2006/11/partha_dasgaptu.html
Flyvbjerg B, Bruzeliu N, Rothengatter W (2003) Megaprojects and risk: an anatomy of ambition. Cambridge University Press, Cambridge
Gomme P, Rupert P (2005) Theory, Measurement, and Calibration of Macroeconomic Models, Federal Reserve Bank of Cleveland Working Paper 05–05
Grant S, Quiggin J (2005) What does the equity premium mean? The Economists’ Voice, 2(4), Article 2
Intergovernmental Panel on Climate Change (2007a) Working Group I Report (WGI): Climate Change 2007: The Physical Science Basis, IPCC, Geneva
Intergovernmental Panel on Climate Change (2007b) Fourth Assessment Report, IPCC, Geneva
Kahneman D, Tversky A (1979) Prospect theory: an analysis of decision under risk. Econometrica 47(2):263–291
Kaplow L (2005) The value of a statistical life and the coefficient of relative risk aversion. J Risk Uncertain 31(3):23–34
Kotlikoff L, Burns S (2004) The coming generational storm: what you need to know about America’s economic future. MIT Press, Cambridge
Leonhardt D (2007) A battle over the costs of global warming. New York Times, Feb 21
Little IMD, Mirrlees JA (1974) Project appraisal and planning for developing countries. London: Heinemann
Lomborg B (2006) The dodgy numbers behind the latest warming scare, WSJ Opinion Journal, Nov 2, http://www.opinionjournal.com/extra/?id=110009182
Mehra R, Prescott E (1985) The equity premium: a puzzle. J Monet Econ 15(2):145–161
Neumayer E 2007) A missed opportunity: The Stern Review on Climate Change fails to tackle the issue of non-substitutable loss of natural capital. Available at SSRN: http://ssrn.com/abstract=980740
Nordhaus W (1994) Managing the global commons: the economics of climate change. MIT Press, Cambridge
Nordhaus W, Boyer J (2000) Warming the world: economic models of global warming. MIT Press, Cambridge
Nordhaus WD (2007) A review of The Stern Review on the Economics of Climate Change. J Econ Lit XLV(3):686–702
Pålsson A-M (1996) Does the degree of relative risk aversion vary with household characteristics. J Econ Psychol 17:771–787
Quiggin J (1981) Risk perception and risk aversion among Australian farmers. Aust J Agric Econ 25(2):160–169
Quiggin J (1982) A theory of anticipated utility. J Econ Behav Organ 3(4):323–343
Quiggin J (1993) Generalized expected utility theory: the rank-dependent model. Kluwer, Amsterdam
Quiggin J (2006) Assessing the costs and benefits of reducing emissions of greenhouse gases, submission to the Stern Review on the economics of climate change. University of Queensland, Brisbane
Ramsey F (1928) A mathematical theory of savings. Econ J 38:543–559
Stern N (2007) The economics of climate change: the Stern review. Cambridge University Press, Cambridge
Thaler R (1990) Anomalies: saving, fungibility, and mental accounts. J Econ Perspect 4(1):193–205
Tol R (2006) The Stern Review on the Economics of Climate Change: a comment. Energy Environ 17(6):977–981
Tol R, Yohe G (2006) A review of the Stern Review. World Econ 7(4):233–250
Tversky A, Kahneman D (1992) Cumulative prospect theory: an analysis of attitudes towards uncertainty and value. J Risk Uncertain 5(3):297–323
Weitzman M (2007) A review of The Stern Review on the Economics of Climate Change. J Econ Lit XLV(3):703–724
Weitzman M (2008) On modeling and interpreting the economics of catastrophic climate change, Working Paper, Harvard, http://www.economics.harvard.edu/faculty/weitzman/files/modeling.pdf
Yohe G (2006) Some thoughts on the damage estimates presented in the Stern Review. Integrated Assessment 6(3):65–72
Author information
Authors and Affiliations
Corresponding author
Additional information
I thank Terry Barker, Roger Jones and Nancy Wallace for helpful comments and criticism. This research was supported by an Australian Research Council Federation Fellowship.
Rights and permissions
About this article
Cite this article
Quiggin, J. Stern and his critics on discounting and climate change: an editorial essay. Climatic Change 89, 195–205 (2008). https://doi.org/10.1007/s10584-008-9434-9
Received:
Accepted:
Published:
Issue Date:
DOI: https://doi.org/10.1007/s10584-008-9434-9