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Determining Benefit...
Determining Benefits and Costs for Future Generations
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Arrow, K. (author)
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Cropper, M.L. (author)
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Gollier, C. (author)
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show more...
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Groom, B. (author)
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Heal, G.M. (author)
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Newell, R.G. (author)
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Nordhaus, W.D. (author)
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Pindyck, R.S. (author)
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Pizer, W.A. (author)
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Portney, P. (author)
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- Sterner, Thomas, 1952 (author)
- Gothenburg University,Göteborgs universitet,Institutionen för nationalekonomi med statistik, Enheten för miljöekonomi,Department of Economics, Environmental Economics Unit
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Tol, R. (author)
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Weitzman, M.L. (author)
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(creator_code:org_t)
- 2013
- 2013
- English.
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In: Science. - 0036-8075. ; 341:6144, s. 349-350
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https://gup.ub.gu.se...
Abstract
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- In economic project analysis, the rate at which future benefits and costs are discounted relative to current values often determines whether a project passes the benefit-cost test. This is especially true of projects with long time horizons, such as those to reduce greenhouse gas (GHG) emissions. Whether the benefits of climate policies, which can last for centuries, outweigh the costs, many of which are borne today, is especially sensitive to the rate at which future benefits are discounted. This is also true of other policies, e.g., affecting nuclear waste disposal or the construction of long-lived infrastructure
Subject headings
- SAMHÄLLSVETENSKAP -- Ekonomi och näringsliv -- Nationalekonomi (hsv//swe)
- SOCIAL SCIENCES -- Economics and Business -- Economics (hsv//eng)
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- ref (subject category)
- art (subject category)
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- By the author/editor
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Arrow, K.
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Cropper, M.L.
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Gollier, C.
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Groom, B.
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Heal, G.M.
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Newell, R.G.
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show more...
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Nordhaus, W.D.
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Pindyck, R.S.
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Pizer, W.A.
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Portney, P.
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Sterner, Thomas, ...
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Tol, R.
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Weitzman, M.L.
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show less...
- About the subject
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- SOCIAL SCIENCES
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SOCIAL SCIENCES
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and Economics and Bu ...
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and Economics
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Science
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University of Gothenburg