This is a collection of theoretical papers, including contributions by Partha Dasgupta and three Nobel prize-winning economists: Kenneth Arrow, Amartya Sen, and Joseph Stiglitz. Originally published in 1982.
'This book should prove valuable for the individual interested in the technical aspects of discounting for energy project selection as well as for the reader wanting only a general overview of the topic. It has a wide application for not only the researcher, but also for use in the college classroom and the policy making arena…very comprehensive coverage of the issues involved in the selection of a discount rate for investment decisions.' Water Resources Bulletin
While media and public attention to energy issues tends to wax and wane, energy security and the environmental implications of energy use have always been a core component of RFF's research agenda. Key concerns include protecting the economy from price shocks and exploring the connections between energy use and economic growth. This collection of eight works represents some of RFF's best work on these subjects.
The RFF Library Collection brings back landmark books published by Resources for the Future throughout its nearly 60-year history as the pre-eminent research institution devoted exclusively to environmental issues. The Collection offers individuals and institutions the most classic and relevant literature across a range of environmental issues.