Portney, Paul R.; Weyant, John P.:Discounting and Intergenerational Equity
- new book ISBN: 9780915707898
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 ramifica… More...
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 for measuring costs and benefits for decisions that will have impacts 20 to 30 years from now the right ones to employ for a future that lies 200 to 300 years in the future? This landmark book argues that methods reasonable for measuring gains and losses for a generation into the future may not be appropriate when applied to a longer span of time. Paul Portney and John Weyant have assembled some of the world's foremost economists to reconsider the purpose, ethical implications, and application of discounting in light of recent research and current policy concerns. These experts note reasons why conventional calculations involved in discounting are undermined when considering costs and benefits in the distant future, including uncertainty about the values and preferences of future generations, and uncertainties about available technologies. Rather than simply disassemble current methodologies, the contributors examine innovations that will make discounting a more compelling tool for policy choices that influence the distant future. They discuss the combination of a high shout-term with a low long-term diescount rate, explore discounting according to more than one set of anticipated preferences for the future, and outline alternatives involving simultaneous consideration of valuation, discounting and political acceptability. Business Business eBook, Taylor and Francis<
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John P. Weyant:Discounting and Intergenerational Equity
- used book ISBN: 0915707896
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 ramifica… More...
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 for measuring costs and benefits for decisions that will have impacts 20 to 30 years from now the right ones to employ for a future that lies 200 to 300 years in the future? This landmark book argues that methods reasonable for measuring gains and losses for a generation into the future may not be appropriate when applied to a longer span of time. Paul Portney and John Weyant have assembled some of the world's foremost economists to reconsider the purpose, ethical implications, and application of discounting in light of recent research and current policy concerns. These experts note reasons why conventional calculations involved in discounting are undermined when considering costs and benefits in the distant future, including uncertainty about the values and preferences of future generations, and uncertainties about available technologies. Rather than simply disassemble current methodologies, the contributors examine innovations that will make discounting a more compelling tool for policy choices that influence the distant future. They discuss the combination of a high shout-term wit business,business and finance,business and investing,business development,development and growth,earth sciences,economics,environmental economics,environmental science,environmental studies Environmental Science, Routledge<
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Paul R. Portney / John P. Weyant / Portney, Paul R.:Discounting and Intergenerational Equity
- used book ISBN: 9780915707898
The effects of many environmental policies made today will be felt across a number of generations. Climate change is a good example of an environmental issue with very long-term ramificat… More...
The effects of many environmental policies made today will be felt across a number of generations. Climate change is a good example of an environmental issue with very long-term ramifications. In such cases, analysts often employ discount rates to compare present and future costs and benefits. In this landmark book, a number of the world's foremost economists reconsider the appropriate use of discounting in decision making for the far future. Paul Portney and John Weyant have assembled a sterling lineup of colleagues to reconsider the purpose, ethical implications, and application of discounting in light of recent research and current policy concerns such as climate change and nuclear waste. Contributors include Kenneth Arrow, Scott Barrett, David Bradford, William Cline, Maureen Cropper, Shantayanan Devarajan, Partha Dasgupta, Raymond Kopp, David Laibson, Robert Lind, Karl-GAran MAler, Alan Manne, W. David Montgomery, William Nordhaus, Jerome Rothenberg, Thomas Schelling, V. Kerry Smith, Michael Toman, and Martin Weitzman. The editors have produced a book that looks at discounting from many different perspectives. It should go a long way toward refining the economic dimensions of public policy, particularly environmental policy. As with the policies it discusses, the impact of the book will be felt tomorrow as well as today. Discounting and Intergenerational Equity Paul R. Portney / John P. Weyant / Portney, Paul R., Rff Press<
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SAMPLE
Paul R. Portney#John P. Weyant:Discounting and Intergenerational Equity
- new book 2000, ISBN: 9780915707898
In policymaking, economists may use discount rates to compare present with future costs and benefits. In this landmark book, a number of the world´s foremost economists reconsider the app… More...
In policymaking, economists may use discount rates to compare present with future costs and benefits. In this landmark book, a number of the world´s foremost economists reconsider the appropriate use of discounting for the future. This work should go a long way toward refining the economic dimensions of public policy, particularly in environmental matters. As with the policies it discusses, the impact of the book should be felt tomorrow as well as today. Discounting and Intergenerational Equity Buch (fremdspr.) gebundene Ausgabe 01.09.2000 Bücher>Fremdsprachige Bücher>Englische Bücher, Resources For The Future, .200<
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(*) Book out-of-stock means that the book is currently not available at any of the associated platforms we search.
SAMPLE
Paul R. Portney#John P. Weyant:Discounting and Intergenerational Equity
- new book ISBN: 9780915707898
In policymaking, economists may use discount rates to compare present with future costs and benefits. In this landmark book, a number of the world´s foremost economists reconsider the app… More...
In policymaking, economists may use discount rates to compare present with future costs and benefits. In this landmark book, a number of the world´s foremost economists reconsider the appropriate use of discounting for the future. This work should go a long way toward refining the economic dimensions of public policy, particularly in environmental matters. As with the policies it discusses, the impact of the book should be felt tomorrow as well as today. Discounting and Intergenerational Equity Buch (fremdspr.) Bücher>Fremdsprachige Bücher>Englische Bücher, Resources For The Future<
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