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