Model selection for estimating certainty equivalent discount rates

In a recent paper, Newell and Pizer (2003) (NP ii) mispecification testing naturally leads to employing models that account for changes in the interest rate generating mechanism. Lastly, we provide an analysis of the policy implications of DDR’s in the context of climate change and nuclear build in the UK and the US. JEL classification: C13, C53, Q2, Q4

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