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Reconciling sustainability and discounting in Cost-Benefit Analysis: A methodological proposal

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  • Saez, Carmen Almansa
  • Requena, Javier Calatrava
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    Article provided by Elsevier in its journal Ecological Economics.

    Volume (Year): 60 (2007)
    Issue (Month): 4 (February)
    Pages: 712-725

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    Handle: RePEc:eee:ecolec:v:60:y:2007:i:4:p:712-725

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    Web page: http://www.elsevier.com/locate/ecolecon

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    7. Martin L. Weitzman, 1998. "Gamma Discounting," Harvard Institute of Economic Research Working Papers 1843, Harvard - Institute of Economic Research.
    8. Thomas Sterner, 1994. "Discounting in a world of limited growth," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 4(5), pages 527-534, October.
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    10. Weitzman, M.L., 1993. "On the 'Environmental' Discount Rate," Harvard Institute of Economic Research Working Papers 1625, Harvard - Institute of Economic Research.
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    16. Funtowicz, Silvio O. & Ravetz, Jerome R., 1994. "The worth of a songbird: ecological economics as a post-normal science," Ecological Economics, Elsevier, vol. 10(3), pages 197-207, August.
    17. Martin Luckert & Wiktor Adamowicz, 1993. "Empirical measures of factors affecting social rates of discount," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 3(1), pages 1-21, February.
    18. Gulli, Francesco, 2006. "Social choice, uncertainty about external costs and trade-off between intergenerational environmental impacts: The emblematic case of gas-based energy supply decentralization," Ecological Economics, Elsevier, vol. 57(2), pages 282-305, May.
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    21. Norman Henderson & Ian Bateman, 1995. "Empirical and public choice evidence for hyperbolic social discount rates and the implications for intergenerational discounting," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 5(4), pages 413-423, June.
    22. Nijkamp, Peter & Rouwendal, Jan, 1988. "Intergenerational Discount Rates in Long-term Plan Evaluation," Public Finance = Finances publiques, , vol. 43(2), pages 195-211.
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    24. Emilio Padilla Rosa & Joan Pascual, 2002. "La agregación de costes y beneficios en la evaluación de proyectos intergeneracionales: El valor actual neto multigeneracional," Hacienda Pública Española, IEF, vol. 163(4), pages 9-34, December.
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    29. Neumayer, Eric, 1999. "Global warming: discounting is not the issue, but substitutability is," Energy Policy, Elsevier, vol. 27(1), pages 33-43, January.
    30. Munda, Giuseppe, 1996. "Cost-benefit analysis in integrated environmental assessment: some methodological issues," Ecological Economics, Elsevier, vol. 19(2), pages 157-168, November.
    31. Uri Benzion & Amnon Rapoport & Joseph Yagil, 1989. "Discount Rates Inferred from Decisions: An Experimental Study," Management Science, INFORMS, vol. 35(3), pages 270-284, March.
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    34. Sumaila, Ussif R. & Walters, Carl, 2005. "Intergenerational discounting: a new intuitive approach," Ecological Economics, Elsevier, vol. 52(2), pages 135-142, January.
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    36. Philibert, Cedric, 1999. "The economics of climate change and the theory of discounting," Energy Policy, Elsevier, vol. 27(15), pages 913-927, December.
    37. Pope, C. III & Perry, Greg, 1989. "Individual versus social discount rates in allocating depletable natural resources over time," Economics Letters, Elsevier, vol. 29(3), pages 257-264.
    38. Rabl, Ari, 1996. "Discounting of long-term costs: What would future generations prefer us to do?," Ecological Economics, Elsevier, vol. 17(3), pages 137-145, June.
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    Cited by:
    1. Sandra Notaro & Alessandro Paletto, 2008. "Natural disturbances and natural hazards in mountain forests: a framework for the economic valuation," Department of Economics Working Papers 0808, Department of Economics, University of Trento, Italia.
    2. del Saz Salazar, Salvador & Hernandez Sancho, Francesc & Sala Garrido, Ramon, 2009. "Estimación del valor económico de la calidad del agua de un río mediante una doble aproximación: una aplicación de los principios económicos de la Directiva Marco del Agua," Economia Agraria y Recursos Naturales, Spanish Association of Agricultural Economists, vol. 9(1).
    3. Sjølie, Hanne K. & Latta, Greg S. & Solberg, Birger, 2013. "Dual discounting in climate change mitigation in the forest sector," Journal of Forest Economics, Elsevier, vol. 19(4), pages 416-431.
    4. Borissov, Kirill & Shakhnov, Kirill, 2011. "Sustainable growth in a model with dual-rate discounting," Economic Modelling, Elsevier, vol. 28(4), pages 2071-2074, July.
    5. 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, Springer, vol. 15(6), pages 1623-1644, December.
    6. Éva Pálinkó & Márta Szabó, 2012. "Application of Social Discount Rate in Public Projects," Public Finance Quarterly, State Audit Office of Hungary, vol. 57(2), pages 184-199.

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