| Registro completo |
| Provedor de dados: |
AgEcon
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| País: |
United States
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| Título: |
Mock Referenda for Intergenerational Decision-making
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| Autores: |
Kopp, Raymond J.
Portney, Paul R.
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| Data: |
2005-11-08
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| Ano: |
1997
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| Palavras-chave: |
Discounting
Non-market valuation
Intergenerational equity
Contingent valuation
Labor and Human Capital
D6
H4
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| 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.
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| Tipo: |
Working or Discussion Paper
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| Idioma: |
Inglês
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| Identificador: |
18916
http://purl.umn.edu/10745
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| Editor: |
AgEcon Search
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| Relação: |
Resources for the Future>Discussion Papers
Discussion Paper 97-48
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| Formato: |
20
application/pdf
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