1st Edition
Discounting and Intergenerational Equity
200 Pages
by
Routledge
200 Pages
by
Routledge
Also available as eBook on:
The full effects of decisions made today about many environmental policies -including climate change and nuclear waste- will not be felt for many years. For issues with long-term ramifications, analysts often employ discount rates to compare present and future costs and benefits. This is reasonable, and discounting has become a procedure that raises few objections. But are the methods appropriate... Read more
Foreword
Robert M. Solow
1. Introduction
Paul R. Portney and John P. Weyant
2. Discounting, Morality, and Gaming
Kenneth J. Arrow
3. 'Just Keep Discounting, But...'
Martin L. Weitzman
4. Reconciling Philosophy and Economics in Long-Term Discounting: Comments on Arrow and Weitzman
Michael A. Toman
5. On the Uses of Benefit-Cost Reasoning in Choosing Policy toward Global Climate Change
David F. Bradford
6. A Market-Based Discount Rate: Comments on Bradford
W. David Montgomery
7. Intergenerational Equity, Social Discount Rates, and Global Warming
Partha Dasgupta, Karl-G ran M ler, and Scott Barrett
8. Substitution and Social Discount Rates: Comments on Dasgupta, M ler, and Barrett
V. Kerry Smith
9. Mock Referenda for Intergenerational Decisionmaking
Raymond J. Kopp and Paul R. Portney
10. Intergenerational Discounting
Thomas C. Schelling
11. Intergenerational Ethics, Efficiency, and Commitment: Comments on Schelling and Kopp and Portney
Jerome Rothenberg
12. Equity, Efficiency, and Discounting
Alan S. Manne
13. Discounting for the Very Long Term
William R. Cline
14. Models and Discount Rates: Comments on Manne and Cline
Shantayanan Devarajan
15. Discounting and Public Policies That Affect the Distant Future
William D. Nordhaus
16. The Implications of Hyperbolic Discounting for Project Evaluation
Maureen Cropper and David Laibson
17. Analysis for Intergenerational Decisionmaking
Robert C. Lind
Index
Biography
Paul R. Portney is president and a senior fellow of Resources for the Future. John P. Weyant is director of the Energy Modeling Forum at Stanford University.
