Should governments use a declining discount rate in project analysis?

Abstract

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.

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Published Version (Please cite this version)

10.1093/reep/reu008

Publication Info

Arrow, KJ, ML Cropper, C Gollier, B Groom, GM Heal, RG Newell, WD Nordhaus, RS Pindyck, et al. (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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