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The Case for Declining Long-Term Discount Rates in the Evaluation of Flood-Defence Investments

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  • Phoebe Koundouri

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  • Phoebe Koundouri, 2008. "The Case for Declining Long-Term Discount Rates in the Evaluation of Flood-Defence Investments," DEOS Working Papers 0805, Athens University of Economics and Business.
    • Handle: RePEc:aue:wpaper:0805
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    File URL: http://wpa.deos.aueb.gr/docs/Flood.Defence.Investments.pdf
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    References listed on IDEAS

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    1. Gollier, Christian, 2002. "Discounting an uncertain future," Journal of Public Economics, Elsevier, vol. 85(2), pages 149-166, August.
    2. Graciela Chichilnisky, 1996. "An axiomatic approach to sustainable development," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 13(2), pages 231-257, April.
    3. Graciela Chichilnisky, 1997. "What Is Sustainable Development?," Land Economics, University of Wisconsin Press, vol. 73(4), pages 467-491.
    4. Newell, Richard G. & Pizer, William A., 2003. "Discounting the distant future: how much do uncertain rates increase valuations?," Journal of Environmental Economics and Management, Elsevier, vol. 46(1), pages 52-71, July.
    5. Cropper, Maureen L & Aydede, Sema K & Portney, Paul R, 1994. "Preferences for Life Saving Programs: How the Public Discounts Time and Age," Journal of Risk and Uncertainty, Springer, vol. 8(3), pages 243-265, May.
    6. Li, Chuan-Zhong & Lofgren, Karl-Gustaf, 2000. "Renewable Resources and Economic Sustainability: A Dynamic Analysis with Heterogeneous Time Preferences," Journal of Environmental Economics and Management, Elsevier, vol. 40(3), pages 236-250, November.
    7. Graciela Chichilnisky & Geoffrey Heal, 1997. "Social choice with infinite populations: construction of a rule and impossibility results," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 14(2), pages 303-318.
    8. Heal, G., 1998. "Valuing the Future: Economic Theory and Sustainability," Papers 98-10, Columbia - Graduate School of Business.
    9. Weitzman, Martin L., 1998. "Why the Far-Distant Future Should Be Discounted at Its Lowest Possible Rate," Journal of Environmental Economics and Management, Elsevier, vol. 36(3), pages 201-208, November.
    10. David Pearce & Ben Groom & Cameron Hepburn & Phoebe Koundouri, 2003. "Valuing the Future: Recent advances in social discounting," DEOS Working Papers 0308, Athens University of Economics and Business.
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    Cited by:

    1. Stella Tsani & Phoebe Koundouri, 2017. "A methodological note for the development of integrated aquaculture production models," DEOS Working Papers 1708, Athens University of Economics and Business.

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