Hepburn, Cameron; Koundouri, Phoebe; Panopoulou, Ekaterini - In: Journal of Environmental Economics and Management 57 (2009) 2, pp. 140-150
Recent research suggests that social cost-benefit analysis should be conducted with a declining discount rate. For instance Newell and Pizer [Discounting the distant future: how much do uncertain rates increase valuations? J. Environ. Econ. Manage. 46 (2003) 52-71] show that the US...
