What can economic analysis contribute to the 'sustainability' debate?
The role of benefit-cost analysis in addressing the sustainability debate is discussed. Several issues within the sustainability debate are considered: concerns regarding intergenerational equity, including the appropriate discount rate for projects with environmental consequences; implications fo...
| Publicado en: | Contemporary Economic Policy Vol. 13; pp. 88 - 101 |
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| Autores principales: | , |
| Formato: | Artículo |
| Publicado: |
Wiley-Blackwell
July 1995
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=512641668&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 512641668 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 10743529 CEY jtl: Contemporary Economic Policy issn: 10743529 maglogo: N pubinfo: dt: July 1995 vid: 13 pid: 480 pub: Wiley-Blackwell artinfo: ui: 512641668 10.1111/j.1465-7287.1995.tb00725.x ppf: 88 ppct: 13 formats: tig: atl: What can economic analysis contribute to the 'sustainability' debate? aug: au: Lesser, Jonathan A. Zerbe, Richard O. su: Cost effectiveness Resource allocation -- Mathematical models Sustainable development Intergenerational relations Economics sug: subj: Cost effectiveness Resource allocation -- Mathematical models Sustainable development Intergenerational relations Economics ab: The role of benefit-cost analysis in addressing the sustainability debate is discussed. Several issues within the sustainability debate are considered: concerns regarding intergenerational equity, including the appropriate discount rate for projects with environmental consequences; implications for burdens on future generations; and the moral basis for benefit-cost analysis. It is argued that the correct discount rate for all such projects is the social rate of time preference and that suggestions for using lower discount rates result from trying to prevent inequities by adjusting prices. In addition, it is contended that benefit-cost analysis can play a useful part in offering information to decision makers, who will ultimately face resource allocation issues as they seek to implement policies promoting sustainability. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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