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Intertemporal Welfare Economics and the Environment

In: Handbook of Environmental Economics

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Author Info
Heal, Geoffrey

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Abstract

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 such rates should be chosen.

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This chapter was published in: K. G. Mäler & J. R. Vincent (ed.) Handbook of Environmental Economics, , chapter 21, pages 1105-1145, 2005.

This item is provided by Elsevier in its series Handbook of Environmental Economics with number 3-21.

Handle: RePEc:eee:envchp:3-21

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Web page: http://www.elsevier.com/wps/find/bookseriesdescription.cws_home/BS_HE/description

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Related research
This chapter was published in the following book, which is listed on IDEAS:
K. G. Mäler & J. R. Vincent (ed.), 2005. "Handbook of Environmental Economics," Handbook of Environmental Economics, Elsevier, edition 1, volume 3, number 3, September. [Downloadable!] (restricted)
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Find related papers by JEL classification:
Q50 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - General

Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Stéphane Hallegatte, 2008. "A Proposal for a New Prescriptive Discounting Scheme: The Intergenerational Discount Rate," Working Papers 2008.47, Fondazione Eni Enrico Mattei. [Downloadable!]
  2. Tomoki Fujii & Larry Karp, 2006. "Numerical Analysis of Non-Constant Discounting with an Application to Renewable Resource Management," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series 1019, Department of Agricultural & Resource Economics, UC Berkeley. [Downloadable!]
  3. Louis Kaplow, 2006. "Discounting Dollars, Discounting Lives: Intergenerational Distributive Justice and Efficiency," NBER Working Papers 12239, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  4. Geoffrey Heal, 2008. "Climate Economics: A Meta-Review and Some Suggestions," NBER Working Papers 13927, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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This page was last updated on 2009-12-2.

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