1 option
Economics and the future : time and discounting in private and public decision making / edited by David J. Pannell and Steven G.M. Schilizzi.
- Format:
- Book
- Language:
- English
- Subjects (All):
- Cost effectiveness.
- Decision making.
- Physical Description:
- 1 online resource (196 p.)
- Place of Publication:
- Cheltenham [England] : Edward Elgar Pub., 2006.
- Language Note:
- English
- Summary:
- Economics and the Future tackles the discounting issue from a number of angles, ranging from relatively short-term private financial decisions, to very long-term public issues spanning generations. The authors present differing perspectives and original ideas in a style that remains accessible while addressing some of the more difficult questions about discounting in theory and practice. It reveals that the economic issues regarding time are embedded in a broader social, ethical and philosophical context.
- Contents:
- ""Cover""; ""Copyright""; ""Contents""; ""List of figures""; ""List of tables""; ""List of contributors""; ""Preface""; ""1. Time and discounting in economic decision making""; ""2. Investigating net benefits from alternative uses of resources""; ""3. Avoiding simplistic assumptions in discounting cash flows for private decisions""; ""4. Compounding and discounting under risk: Net present values and real option values""; ""5. Risk, discounting and the public sector""; ""6. Reconsidering reconsidered: Why sustainable discounting need not be inconsistent over time""
- ""7. Discounting the distant future using short time horizons: Investments with irreversible benefits""""8. Discounting future prospects, and the quest for sustainability""; ""9. How should we discount the future? An environmental perspective""; ""10. Discounting the future""; ""11. Discounting the distant future: Why so many voices and so little consensus?""; ""12. Time will tell: Pending questions on discounting""; ""Index""
- Notes:
- Description based upon print version of record.
- Includes bibliographical references and index.
- ISBN:
- 1-78100-748-9
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