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I review the complex welare economic issues that arise in environmental decision-making over very long periods of time, as in the case of climate change, biodiversity loss and nuclear waste disposal. I also consider the questions that have to be resolved in choosing a discount rate to apply to...
Persistent link: https://www.econbiz.de/10014034475
I review the complex welare economic issues that arise in environmental decision-making over very long periods of time, as in the case of climate change, biodiversity loss and nuclear waste disposal. I also consider the questions that have to be resolved in choosing a discount rate to apply to...
Persistent link: https://www.econbiz.de/10014034962
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...
Persistent link: https://www.econbiz.de/10014023911
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A long-standing challenge for welfare economics is to develop welfare criteria that can be applied to allocations with different population levels. Such a criterion is essential to resolve the optimal population problem, i.e., the tradeoff between population size and the welfare of each person...
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