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- W2019907140 abstract "The analysis of environmental policy and/or regulation involves determining and assessing the impact of costs and benefits which may accrue over many years. There are a number of intertemporal issues related to such decisions including whether and how to state future costs and benefits in today's terms through a technique known as discounting. In practice, economic analysis of environmental issues generally involves discounting future costs and benefits at a rate known as the social discount rate. This paper examines the decision to discount future benefits and/or costs and highlights the rationale for the technique. The more controversial and problematic aspects of this procedure are analyzed so that those assessing environmental investments may make more informed decisions." @default.
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- W2019907140 date "2001-01-01" @default.
- W2019907140 modified "2023-10-18" @default.
- W2019907140 title "Economic analysis of environmental policy: concerns regarding the use and role of the social discount rate" @default.
- W2019907140 doi "https://doi.org/10.1504/ier.2001.053883" @default.
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