Intertemporal Welfare Economics and the Environment
Geoffrey Heal ()
Chapter 21 in Handbook of Environmental Economics, 2005, vol. 3, pp 1105-1145 from Elsevier
I review the complex welfare economic issues that arise in environmental decision-making over very long periods, as in cases relating to climate change and biodiversity loss. I also consider the issues that arise in choosing a discount rate to apply to very long-run projects and indicate how such rates should be chosen.
JEL-codes: Q50 (search for similar items in EconPapers)
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