Data/hora: 07/06/2024 08:37:11

Provedor de dados: | 31
País: | United States
Título: | Mock Referenda for Intergenerational Decision-making
Autores: | Kopp,   Raymond J.; Portney,   Paul R.
Data: | 2005-11-08
Ano: | 1997
Palavras-chave: | Discounting; Non-market valuation; Intergenerational equity; Contingent valuation; Labor and Human Capital; D6; H4.
Resumo: | Traditional applications of benefit-cost analysis make use of what we refer to as the "damage function and discounting" (or DFD) approach. This approach is well-suited to the analysis of projects for which the principal benefits and costs occur within the next thirty to forty years, say. However, for projects with significant intergenerational consequences--i.e., impacts that do not arise for hundreds of years or more--the DFD approach becomes almost intractable. We propose an alternative conception of benefit-cost analysis for intergenerational decision-making--the mock referendum--that is: (i) arguably more consistent with the tenets of modern welfare economics; (ii) more amenable to the analysis of long-term projects or policies; and (iii) consistent with political decision(s) that must be made if climate mitigation (or other long-term environmental protection) measures are to be taken.
Tipo: | Working or Discussion Paper
Idioma: | Inglês

Identificador:

18916

http://purl.umn.edu/10745

Editor: | AgEcon Search

Relação:

Resources for the Future&gt;Discussion Papers

Discussion Paper 97-48

Formato:

20

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