کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
9548661 | 1371522 | 2005 | 11 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Discounting and environmental quality: When should dual rates be used?
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کلمات کلیدی
موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
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چکیده انگلیسی
Triggered by concerns about impacts of long-run climatic change the use of dual-rate discounting to evaluate projects and policies has been suggested. Environmental goods should be discounted at a lower rate than conventional consumption goods. We consider the appropriate use of dual-rate discounting for a class of models where environmental amenity values of a stock of resources are built into the utility function. We argue that dual-rate discounting can only be justified either as a pragmatic device for valuation when future prices for environmental goods are unavailable or when consumption goods and environmental goods are not substitutable and relative prices are not well-defined.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Economic Modelling - Volume 22, Issue 5, September 2005, Pages 868-878
Journal: Economic Modelling - Volume 22, Issue 5, September 2005, Pages 868-878
نویسندگان
Hans-Peter Weikard, Xueqin Zhu,