In the economics of climate change, the future benefits of greenhouse gas emissions abatement are commonly discounted at a rate equal to the long-run return on corporate stocks, which averaged 6% per year during the 20th century. Since a 6% discount rate implies that one dollar of benefits...

In deliberative valuation, a small group of selected persons explores the values that should guide collective decisions through a process of reasoned discourse. Proponents argue that deliberative techniques enhance the effectiveness and perceived legitimacy of policy making by facilitating...

“Green” consumers appear to accept individual responsibility for public good provision. The propensity to take such responsibility may depend on beliefs about others’ behavior, even for consumers motivated by internalized moral norms, not by social sanctions. This can produce multiple...

It is being increasingly realized that sustainable development can be achieved only through democracy and value diversity. This collection of essays explores both novel and established means by which economics can combine with deliberative decision making processes to generate sustainability....

We discuss the recent emergence of ‘deliberative ecological economics’, a field that highlights the potential of deliberation for improving environmental governance. We locate the emergence of this literature in the long concern in ecological economics over the policy implications of limited...