Economics and the Future: Time and Discounting in Private and Public Decision Making
Economics and the Future: Time and Discounting in Private and Public Decision Making
- Cheltenham : Edward Elgar Pub 2008.
- xiii, 182 p.
Contents: Preface1. Time and Discounting in Economic Decision Making David J. Pannell and Steven G.M. Schilizzi2. Investigating Net Benefits from Alternative Uses of ResourcesBill Malcolm3. Avoiding Simplistic Assumptions in Discounting Cash Flows for Private DecisionsDavid J. Pannell 4. Compounding and Discounting Under Risk: Net Present Values and Real Option ValuesGreg Hertzler5. Risk, Discounting and the Public SectorJohn Quiggin 6. Reconsidering Reconsidered: Why Sustainable Discounting Need Not be Inconsistent Over Time John C.V. Pezzey7. Discounting the Distant Future Using Short Time Horizons: Investments with Irreversible BenefitsSteven G.M. Schilizzi8. Discounting Future Prospects, and the Quest for SustainabilityAlan Randall9. How Should We Discount the Future? An Environmental Perspective Michael D. Young and Darla Hatton MacDonald10. Discounting the FutureCedric Philibert11. Discounting the Distant Future: Why So Many Voices and So Little Consensus?Steven G.M. Schilizzi12. Time Will Tell: Pending Questions on DiscountingSteven G.M. Schilizzi and David J. PannellIndex
Argues that discounting is a perennial problem for economists; it is an essential component of assessing economic comparisons over time, but a number of practical and theoretical difficulties confront its use. This book tackles the discounting issue from a number of angles
9781848444522 1848444524
Cost effectiveness.
Decision making.
658.1552 / ECO
Contents: Preface1. Time and Discounting in Economic Decision Making David J. Pannell and Steven G.M. Schilizzi2. Investigating Net Benefits from Alternative Uses of ResourcesBill Malcolm3. Avoiding Simplistic Assumptions in Discounting Cash Flows for Private DecisionsDavid J. Pannell 4. Compounding and Discounting Under Risk: Net Present Values and Real Option ValuesGreg Hertzler5. Risk, Discounting and the Public SectorJohn Quiggin 6. Reconsidering Reconsidered: Why Sustainable Discounting Need Not be Inconsistent Over Time John C.V. Pezzey7. Discounting the Distant Future Using Short Time Horizons: Investments with Irreversible BenefitsSteven G.M. Schilizzi8. Discounting Future Prospects, and the Quest for SustainabilityAlan Randall9. How Should We Discount the Future? An Environmental Perspective Michael D. Young and Darla Hatton MacDonald10. Discounting the FutureCedric Philibert11. Discounting the Distant Future: Why So Many Voices and So Little Consensus?Steven G.M. Schilizzi12. Time Will Tell: Pending Questions on DiscountingSteven G.M. Schilizzi and David J. PannellIndex
Argues that discounting is a perennial problem for economists; it is an essential component of assessing economic comparisons over time, but a number of practical and theoretical difficulties confront its use. This book tackles the discounting issue from a number of angles
9781848444522 1848444524
Cost effectiveness.
Decision making.
658.1552 / ECO