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• W4289310095 abstract "Abstract For more than 20 years, economists have converted annual losses from injuries to natural resources caused by oil spills or hazardous-substance releases into their present-value equivalents using a 3% real discount rate. A 1999 technical paper from the National Oceanic and Atmospheric Administration provided three data series from 1981 through 1998 supporting a 3% real discount rate. However, data series for 1981 through 2016, which provide a proxy for the social rate of time preference for consumption by the public, support a lower discount rate. Furthermore, recent conceptual developments imply a lower discount rate for environmental services than for produced goods and services. We present several lines of evidence that support a real discount rate of not more than 2% for assessing intragenerational natural resource damages." @default.
• W4289310095 created "2022-08-02" @default.
• W4289310095 creator A5049723988 @default.
• W4289310095 date "2018-11-01" @default.
• W4289310095 modified "2023-09-25" @default.
• W4289310095 title "The Discount Rate for Assessing Intragenerational Natural Resource Damages" @default.
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• W4289310095 doi "https://doi.org/10.5325/naturesopolirese.8.1-2.0089" @default.
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