Determining Benefits and Costs for Future Generations
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Full text of the requested work is not available in DASH at this time ("restricted access"). For more information on restricted deposits, see our FAQ.Author
Arrow, K.
Cropper, M.
Gollier, C.
Groom, B.
Heal, G.
Newell, R.
Nordhaus, W.
Pindyck, R.
Pizer, W.
Portney, P.
Sterner, T.
Tol, R. S. J.
Note: Order does not necessarily reflect citation order of authors.
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https://doi.org/10.1126/science.1235665Metadata
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Arrow, K., M. Cropper, C. Gollier, B. Groom, G. Heal, R. Newell, W. Nordhaus, et al. 2013. “Determining Benefits and Costs for Future Generations.” Science 341, no. 6144: 349–350.Abstract
In economic project analysis, the rate at which future benefits and costs are discounted relative to current values often determines whether a project passes the benefit-cost test. This is especially true of projects with long time horizons, such as those to reduce greenhouse gas (GHG) emissions. Whether the benefits of climate policies, which can last for centuries, outweigh the costs, many of which are borne today, is especially sensitive to the rate at which future benefits are discounted. This is also true of other policies, e.g., affecting nuclear waste disposal or the construction of long-lived infrastructure.Citable link to this page
http://nrs.harvard.edu/urn-3:HUL.InstRepos:12841963
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