Defrancesco, Edi; Gatto, Paola; Rosato, Paolo - In: Ecological Economics 99 (2014) C, pp. 1-9
The paper proposes a ‘component-based’ approach to guide the choice of the social discount rate in natural resources damage assessment, where time and discounting are key features. It is a multi-rate discounting scheme, which draws on concepts from dual-rate and time-declining approaches....