An Anatomy of Discounting in Costbenefit Analysis
-
- Akao Ken-Ichi
- Waseda University
-
- Onuma Ayumi
- Keio University
-
- Sakamoto Hiroaki
- Chiba University
Bibliographic Information
- Other Title
-
- 割引率は何を意味しどのように発展してきたか
Description
<p>This paper provides an overview of the standard theory of discounting in cost-benefit analysis. With an application to long-term environmental problems in mind, we begin with the classic issue of discounting and intergenerational equity, which dates back to the seminal work of Frank Ramsey in the 1920s. Then, by reviewing recent developments in the theory of declining discounting rates (DDRs), we show how relatively low and declining discount rates can be justified in the presence of uncertainty. Also, we briefly discuss the practical implications of discounting in the context of climate change.</p>
Journal
-
- Review of Environmental Economics and Policy Studies
-
Review of Environmental Economics and Policy Studies 9 (2), 1-20, 2016
The Society for Environmental Economics and Policy Studies
- Tweet
Details 詳細情報について
-
- CRID
- 1390282680717586176
-
- NII Article ID
- 130005277394
-
- ISSN
- 21882495
- 18823742
-
- Text Lang
- ja
-
- Data Source
-
- JaLC
- CiNii Articles
- KAKEN
-
- Abstract License Flag
- Disallowed
