IDEAS home Printed from https://ideas.repec.org/a/cup/endeec/v16y2011i06p685-707_00.html
   My bibliography  Save this article

Intergenerational equity and dual discounting

Author

Listed:
  • Almansa, Carmen
  • Martínez-Paz, José M.

Abstract

Dual discounting is a new approach under consideration for use in environmental cost–benefit analysis. This paper updates the literature on this subject and subjects it to the assessment of an international panel of experts on environmental discounting by means of a Delphi study. Subsequently, a case study provides some findings deriving from the practical application of this strategy as the choice of discounting scenario in the economic evaluation of a plant for the desalination of irrigation return water, aimed at halting the degradation of a wetland. There are theoretical and practical reasons to support the use of this discounting approach in relation to projects with intergenerational impact, where the environmental effects are considerable in relation to market effects. Although still under investigation, the dual discounting approach appears to provide an appropriate methodological platform enabling the quantification of the degree of intergenerational equity implicit in the project.

Suggested Citation

  • Almansa, Carmen & Martínez-Paz, José M., 2011. "Intergenerational equity and dual discounting," Environment and Development Economics, Cambridge University Press, vol. 16(6), pages 685-707, December.
    • Handle: RePEc:cup:endeec:v:16:y:2011:i:06:p:685-707_00
    as

    Download full text from publisher

    File URL: https://www.cambridge.org/core/product/identifier/S1355770X11000258/type/journal_article
    File Function: link to article abstract page
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Martin-Ortega, Julia & Perni, Angel & Jackson-Blake, Leah & Balana, Bedru B. & Mckee, Annie & Dunn, Sarah & Helliwell, Rachel & Psaltopoulos, Demetris & Skuras, Dimitris & Cooksley, Susan & Slee, Bill, 2015. "A transdisciplinary approach to the economic analysis of the European Water Framework Directive," Ecological Economics, Elsevier, vol. 116(C), pages 34-45.
    2. Marta Bottero & Valentina Ferretti & Giulio Mondini, 2013. "From the environmental debt to the environmental loan: trends and future challenges for intergenerational discounting," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 15(6), pages 1623-1644, December.
    3. Flostrand, Andrew & Pitt, Leyland & Bridson, Shannon, 2020. "The Delphi technique in forecasting– A 42-year bibliographic analysis (1975–2017)," Technological Forecasting and Social Change, Elsevier, vol. 150(C).
    4. Vasquez-Lavín, Felipe & Ponce Oliva, Roberto D. & Hernández, José Ignacio & Gelcich, Stefan & Carrasco, Moisés & Quiroga, Miguel, 2019. "Exploring dual discount rates for ecosystem services: Evidence from a marine protected area network," Resource and Energy Economics, Elsevier, vol. 55(C), pages 63-80.
    5. Defrancesco, Edi & Gatto, Paola & Rosato, Paolo, 2014. "A ‘component-based’ approach to discounting for natural resource damage assessment," Ecological Economics, Elsevier, vol. 99(C), pages 1-9.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cup:endeec:v:16:y:2011:i:06:p:685-707_00. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Kirk Stebbing (email available below). General contact details of provider: https://www.cambridge.org/ede .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.