Justice and Efficiency with the Sum of Discounted Consumption Flows Method

E Kula
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E Kula: Department of Economics, The New University of Ulster, Coleraine, Co Londonderry BT52 1SA, Northern Ireland

Environment and Planning A, 1984, vol. 16, issue 6, 835-838

Abstract: In an attempt to criticise the recently established public sector investment evaluation method, which is known as the sum of discounted consumption flows, Price makes a number of points. First, the method may yield perplexing results in practice, especially in forestry investments; second, it tends to discriminate against present generations; third, the method yields less-efficient results than the net present value criterion. All of these points are based on superficial analyses for which counterarguments are presented in the text to clarify the situation.

Date: 1984
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Persistent link: https://EconPapers.repec.org/RePEc:sae:envira:v:16:y:1984:i:6:p:835-838

DOI: 10.1068/a160835

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