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.
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.
Paul R. Portney is president and a senior fellow of Resources for the Future. John P. Weyant is director of the Energy Modeling Forum at Stanford University.
Inhaltsangabe
Foreword Robert M. Solow 1. Introduction Paul R. Portney and John P. Weyant 2. Discounting, Morality, and Gaming Kenneth J. Arrow 3. 'Just Keep Discounting, But...' Martin L. Weitzman 4. Reconciling Philosophy and Economics in Long-Term Discounting: Comments on Arrow and Weitzman Michael A. Toman 5. On the Uses of Benefit-Cost Reasoning in Choosing Policy toward Global Climate Change David F. Bradford 6. A Market-Based Discount Rate: Comments on Bradford W. David Montgomery 7. Intergenerational Equity, Social Discount Rates, and Global Warming Partha Dasgupta, Karl-G ran M ler, and Scott Barrett 8. Substitution and Social Discount Rates: Comments on Dasgupta, M ler, and Barrett V. Kerry Smith 9. Mock Referenda for Intergenerational Decisionmaking Raymond J. Kopp and Paul R. Portney 10. Intergenerational Discounting Thomas C. Schelling 11. Intergenerational Ethics, Efficiency, and Commitment: Comments on Schelling and Kopp and Portney Jerome Rothenberg 12. Equity, Efficiency, and Discounting Alan S. Manne 13. Discounting for the Very Long Term William R. Cline 14. Models and Discount Rates: Comments on Manne and Cline Shantayanan Devarajan 15. Discounting and Public Policies That Affect the Distant Future William D. Nordhaus 16. The Implications of Hyperbolic Discounting for Project Evaluation Maureen Cropper and David Laibson 17. Analysis for Intergenerational Decisionmaking Robert C. Lind Index
Foreword Robert M. Solow 1. Introduction Paul R. Portney and John P. Weyant 2. Discounting, Morality, and Gaming Kenneth J. Arrow 3. 'Just Keep Discounting, But...' Martin L. Weitzman 4. Reconciling Philosophy and Economics in Long-Term Discounting: Comments on Arrow and Weitzman Michael A. Toman 5. On the Uses of Benefit-Cost Reasoning in Choosing Policy toward Global Climate Change David F. Bradford 6. A Market-Based Discount Rate: Comments on Bradford W. David Montgomery 7. Intergenerational Equity, Social Discount Rates, and Global Warming Partha Dasgupta, Karl-G ran M ler, and Scott Barrett 8. Substitution and Social Discount Rates: Comments on Dasgupta, M ler, and Barrett V. Kerry Smith 9. Mock Referenda for Intergenerational Decisionmaking Raymond J. Kopp and Paul R. Portney 10. Intergenerational Discounting Thomas C. Schelling 11. Intergenerational Ethics, Efficiency, and Commitment: Comments on Schelling and Kopp and Portney Jerome Rothenberg 12. Equity, Efficiency, and Discounting Alan S. Manne 13. Discounting for the Very Long Term William R. Cline 14. Models and Discount Rates: Comments on Manne and Cline Shantayanan Devarajan 15. Discounting and Public Policies That Affect the Distant Future William D. Nordhaus 16. The Implications of Hyperbolic Discounting for Project Evaluation Maureen Cropper and David Laibson 17. Analysis for Intergenerational Decisionmaking Robert C. Lind Index
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