Should governments use a declining discount rate in project analysis?
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At a workshop held at Resources for the Future in September 2011, twelve of the authors were asked by the US Environmental Protection Agency (EPA) to provide advice on the principles to be used in discounting the benefits and costs of projects that affect future generations. Maureen L. Cropper chaired the workshop. Much of the discussion in this article is based on the authors' recommendations and advice presented at the workshop. © The Author 2014.
Published Version (Please cite this version)10.1093/reep/reu008
Publication InfoArrow, KJ; Cropper, ML; Gollier, C; Groom, B; Heal, GM; Newell, RG; ... Weitzman, ML (2014). Should governments use a declining discount rate in project analysis?. Review of Environmental Economics and Policy, 8(2). pp. 145-163. 10.1093/reep/reu008. Retrieved from https://hdl.handle.net/10161/10268.
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Dr. Richard G. Newell is the President and CEO of Resources for the Future (RFF), an independent, nonprofit research institution that improves environmental, energy, and natural resource decisions through impartial economic research and policy engagement. From 2009 to 2011, he served as the administrator of the US Energy Information Administration, the agency responsible for official US government energy statistics and analysis. Dr. Newell is an adjunct professor at Duke University, where he
Professor in the Sanford School of Public Policy
Billy Pizer joined the faculty of the Sanford School of Public Policy at Duke University in the fall of 2011. He also was appointed a faculty fellow in the Nicholas Institute for Environmental Policy Solutions, a nonpartisan institute at Duke that focuses on finding solutions to some of the nation's most pressing environmental challenges. His current research examines how we value the future benefits of climate change mitigation, how environmental regulation and climate policy can af
Alphabetical list of authors with Scholars@Duke profiles.