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Calcul économique et développement durable

Author

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  • Roger Guesnerie

Abstract

The paper considers a model with two goods: a private good and an ?environmental? good. The analysis has two basic ingredients: the two goods are imperfectly substitutable and the long run characteristics of substitution are uncertain. An ecological discount rate is defined. It is argued that a plausible long run value for this discount rate is close to zero, at least if the preoccupations of intergenerational equity are strong enough. Classification JEL : D 60, H 43, Q2

Suggested Citation

  • Roger Guesnerie, 2004. "Calcul économique et développement durable," Revue économique, Presses de Sciences-Po, vol. 55(3), pages 363-382.
    • Handle: RePEc:cai:recosp:reco_553_0363
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    Cited by:

    1. Roger Guesnerie, 2006. "De l'utilité du calcul économique public," Economie & Prévision, La Documentation Française, vol. 0(4), pages 1-14.
    2. Gollier, Christian, 2010. "Ecological discounting," Journal of Economic Theory, Elsevier, vol. 145(2), pages 812-829, March.
    3. Moritz A. Drupp, 2018. "Limits to Substitution Between Ecosystem Services and Manufactured Goods and Implications for Social Discounting," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 69(1), pages 135-158, January.
    4. Emile QUINET, 2009. "Issues of price definition in CBA: situations of imperfect competition, budget constraints and relative prices divergences," Departmental Working Papers 2009-22, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
    5. Gollier, Christian, 2012. "Asset pricing with uncertain betas: A long-term perspective," IDEI Working Papers 752, Institut d'Économie Industrielle (IDEI), Toulouse.
    6. Gollier, Christian, 2012. "A theory of rational short-termism with uncertain betas," LERNA Working Papers 12.14.371, LERNA, University of Toulouse.
    7. Quaas, Martin F. & Baumgärtner, Stefan & Drupp, Moritz A. & Meya, Jasper N., 2020. "Intertemporal utility with heterogeneous goods and constant elasticity of substitution," Economics Letters, Elsevier, vol. 191(C).
    8. Moritz A. Drupp & Martin C. Hänsel, 2021. "Relative Prices and Climate Policy: How the Scarcity of Nonmarket Goods Drives Policy Evaluation," American Economic Journal: Economic Policy, American Economic Association, vol. 13(1), pages 168-201, February.
    9. Lecocq, Franck & Shalizi, Zmarak, 2007. "How might climate change affect economic growth in developing countries ? a review of the growth literature with a climate lens," Policy Research Working Paper Series 4315, The World Bank.
    10. Gollier, Christian, 2019. "Valuation of natural capital under uncertain substitutability," Journal of Environmental Economics and Management, Elsevier, vol. 94(C), pages 54-66.
    11. Hourcade, Jean-Charles & Ambrosi, Philippe & Dumas, Patrice, 2009. "Beyond the Stern Review: Lessons from a risky venture at the limits of the cost-benefit analysis," Ecological Economics, Elsevier, vol. 68(10), pages 2479-2484, August.
    12. Piketty, Thomas & Saez, Emmanuel, 2012. "A Theory of Optimal Capital Taxation," CEPR Discussion Papers 8946, C.E.P.R. Discussion Papers.
    13. Zhu, Xueqin & Smulders, Sjak & de Zeeuw, Aart, 2019. "Discounting in the presence of scarce ecosystem services," Journal of Environmental Economics and Management, Elsevier, vol. 98(C).
    14. Olivier Guéant & Roger Guesnerie & Jean‐Michel Lasry, 2012. "Ecological Intuition versus Economic “Reason”," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 14(2), pages 245-272, March.
    15. Jean-Charles Hourcade & Philippe Ambrosi & Patrice Dumas, 2009. "Beyond the Stern Review: Lessons from a risky venture at the limits of the cost–benefit analysis," Post-Print hal-00716769, HAL.
    16. Stefan Baumgärtner & Alexandra Klein & Denise Thiel & Klara Winkler, 2015. "Ramsey Discounting of Ecosystem Services," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 61(2), pages 273-296, June.
    17. Armon Rezai & Frederick Van der Ploeg, 2016. "Intergenerational Inequality Aversion, Growth, and the Role of Damages: Occam's Rule for the Global Carbon Tax," Journal of the Association of Environmental and Resource Economists, University of Chicago Press, vol. 3(2), pages 493-522.
    18. Rick Van der Ploeg & Armon Rezai, 2015. "Intergenerational Inequality Aversion, Growth and the Role of Damages: Occam's rule for the global tax," Economics Series Working Papers OxCarre Research Paper 15, University of Oxford, Department of Economics.
    19. Fuentes Castro, D., 2012. "Funding for green growth," Working papers 392, Banque de France.
    20. repec:bla:opecrv:v:33:y:2009:i:1:p:1-22 is not listed on IDEAS
    21. Traeger, Christian P., 2011. "Sustainability, limited substitutability, and non-constant social discount rates," Journal of Environmental Economics and Management, Elsevier, vol. 62(2), pages 215-228, September.
    22. Armon Rezai & Frederick Van der Ploeg, 2016. "Intergenerational Inequality Aversion, Growth, and the Role of Damages: Occam's Rule for the Global Carbon Tax," Journal of the Association of Environmental and Resource Economists, University of Chicago Press, vol. 3(2), pages 493-522.
    23. repec:dau:papers:123456789/3682 is not listed on IDEAS
    24. Dominique Bureau, 2009. "Économie d’un accord global sur le climat : une introduction," Économie et Prévision, Programme National Persée, vol. 190(4), pages 1-19.

    More about this item

    JEL classification:

    • Q2 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation

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