IDEAS home Printed from https://ideas.repec.org/a/eee/ecolec/v16y1996i1p73-78.html
   My bibliography  Save this article

Environmental policy under a non-market discount rate

Author

Listed:
  • Horowitz, John K.

Abstract

No abstract is available for this item.

Suggested Citation

  • Horowitz, John K., 1996. "Environmental policy under a non-market discount rate," Ecological Economics, Elsevier, vol. 16(1), pages 73-78, January.
    • Handle: RePEc:eee:ecolec:v:16:y:1996:i:1:p:73-78
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/0921-8009(95)00082-8
    Download Restriction: Full text for ScienceDirect subscribers only
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Karp, Larry & Newbery, David M., 1993. "Intertemporal consistency issues in depletable resources," Handbook of Natural Resource and Energy Economics, in: A. V. Kneese† & J. L. Sweeney (ed.), Handbook of Natural Resource and Energy Economics, edition 1, volume 3, chapter 19, pages 881-931, Elsevier.
    2. Thomas Sterner, 1994. "Discounting in a world of limited growth," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 4(5), pages 527-534, October.
    3. Jonathan A. Lesser & Richard O. Zerbe, 1994. "Discounting procedures for environmental (and other) projects: A comment on Kolb and Scheraga," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 13(1), pages 140-156.
    4. Jeffrey A. Kolb & Joel D. Scheraga, 1990. "Discounting the benefits and costs of environmental regulations," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 9(3), pages 381-390.
    5. Weitzman Martin L., 1994. "On the Environmental Discount Rate," Journal of Environmental Economics and Management, Elsevier, vol. 26(2), pages 200-209, March.
    6. B. A. Forster, 1973. "Optimal Consumption Planning in a Polluted Environment," The Economic Record, The Economic Society of Australia, vol. 49(4), pages 534-545, December.
    7. Machina, Mark J, 1989. "Dynamic Consistency and Non-expected Utility Models of Choice under Uncertainty," Journal of Economic Literature, American Economic Association, vol. 27(4), pages 1622-1668, December.
    8. Scheraga, Joel D., 1990. "Perspectives on government discounting policies," Journal of Environmental Economics and Management, Elsevier, vol. 18(2), pages 65-71, March.
    9. Forster, B A, 1973. "Optimal Consumption Planning in a Polluted Environment," The Economic Record, The Economic Society of Australia, vol. 49(128), pages 534-545, December.
    10. Glazer, Amihai, 1993. "Politics and the Choice of Durability: Reply," American Economic Review, American Economic Association, vol. 83(3), pages 674-675, June.
    11. Turnovsky, Stephen J. & Brock, William A., 1980. "Time consistency and optimal government policies in perfect foresight equilibrium," Journal of Public Economics, Elsevier, vol. 13(2), pages 183-212, April.
    12. Lyon, Randolph M., 1990. "Federal discount rate policy, the shadow price of capital, and challenges for reforms," Journal of Environmental Economics and Management, Elsevier, vol. 18(2), pages 29-50, March.
    13. Richard Howarth & Richard Norgaard, 1993. "Intergenerational transfers and the social discount rate," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 3(4), pages 337-358, August.
    14. Markandya, Anil & Pearce, David W, 1991. "Development, the Environment, and the Social Rate of Discount," The World Bank Research Observer, World Bank, vol. 6(2), pages 137-152, July.
    15. Kydland, Finn E & Prescott, Edward C, 1977. "Rules Rather Than Discretion: The Inconsistency of Optimal Plans," Journal of Political Economy, University of Chicago Press, vol. 85(3), pages 473-491, June.
    16. Gersbach, Hans, 1993. "Politics and the Choice of Durability: Comment," American Economic Review, American Economic Association, vol. 83(3), pages 670-673, June.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Hoel, Michael & Sterner, Thomas, 2006. "Discounting and relative prices in assessing future environmental damages," Working Papers in Economics 199, University of Gothenburg, Department of Economics.
    2. Morrissey, J. & Meyrick, B. & Sivaraman, D. & Horne, R.E. & Berry, M., 2013. "Cost-benefit assessment of energy efficiency investments: Accounting for future resources, savings and risks in the Australian residential sector," Energy Policy, Elsevier, vol. 54(C), pages 148-159.
    3. Adler Miserendino, Rebecca & Bergquist, Bridget A. & Adler, Sara E. & Guimarães, Jean Remy Davée & Lees, Peter S.J. & Niquen, Wilmer & Velasquez-López, P. Colon & Veiga, Marcello M., 2013. "Challenges to measuring, monitoring, and addressing the cumulative impacts of artisanal and small-scale gold mining in Ecuador," Resources Policy, Elsevier, vol. 38(4), pages 713-722.
    4. Gulati, Sumeet & Vercammen, James, 2006. "Time inconsistent resource conservation contracts," Journal of Environmental Economics and Management, Elsevier, vol. 52(1), pages 454-468, July.
    5. Shkarlet, Serhiy & Petrakov, Iaroslav, 2013. "Environmental Taxation Evolution in Ukraine: Trends, Challenges and Outlook," MPRA Paper 45168, University Library of Munich, Germany, revised 18 May 2013.
    6. Nicole Senecal & Teresa Wang & Elizabeth Thompson & Joseph W. Kable, 2012. "Normative arguments from experts and peers reduce delay discounting," Judgment and Decision Making, Society for Judgment and Decision Making, vol. 7(5), pages 568-589, September.
    7. Fearnside, Philip M., 2002. "Time preference in global warming calculations: a proposal for a unified index," Ecological Economics, Elsevier, vol. 41(1), pages 21-31, April.
    8. Toman, Michael, 1998. "Sustainable Decision-making: The State of the Art from an Economics Perspective," Discussion Papers 10602, Resources for the Future.
    9. Norman Henderson & Ian Langford, 1998. "Cross-Disciplinary Evidence for Hyperbolic Social Discount Rates," Management Science, INFORMS, vol. 44(11-Part-1), pages 1493-1500, November.
    10. repec:cup:judgdm:v:7:y:2012:i:5:p:568-589 is not listed on IDEAS
    11. Toman, Michael, 1998. "SPECIAL SECTION: FORUM ON VALUATION OF ECOSYSTEM SERVICES: Why not to calculate the value of the world's ecosystem services and natural capital," Ecological Economics, Elsevier, vol. 25(1), pages 57-60, April.
    12. Orlov, Sergey & Rovenskaya, Elena, 2022. "Optimal transition to greener production in a pro-environmental society," Journal of Mathematical Economics, Elsevier, vol. 98(C).
    13. Adler Mandelbaum, Sara E, 2014. "Effects of Threshold Uncertainty on Common-Pool Resources," MPRA Paper 59120, University Library of Munich, Germany.
    14. Lee, Kang-Soek & Werner, Richard A., 2018. "Reconsidering Monetary Policy: An Empirical Examination of the Relationship Between Interest Rates and Nominal GDP Growth in the U.S., U.K., Germany and Japan," Ecological Economics, Elsevier, vol. 146(C), pages 26-34.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Horowitz, John K., 1995. "Environmental Policy Under a Non-Market Discount Rate," Working Papers 197828, University of Maryland, Department of Agricultural and Resource Economics.
    2. Moser, Peter, 1999. "The impact of legislative institutions on public policy: a survey," European Journal of Political Economy, Elsevier, vol. 15(1), pages 1-33, March.
    3. Toman, Michael A. & Withagen, Cees, 2000. "Accumulative pollution, "clean technology," and policy design," Resource and Energy Economics, Elsevier, vol. 22(4), pages 367-384, October.
    4. Chung, Sung H. & Weaver, Robert D. & Friesz, Terry L., 2013. "Strategic response to pollution taxes in supply chain networks: Dynamic, spatial, and organizational dimensions," European Journal of Operational Research, Elsevier, vol. 231(2), pages 314-327.
    5. Hansen, Anders Chr., 2006. "Do declining discount rates lead to time inconsistent economic advice?," Ecological Economics, Elsevier, vol. 60(1), pages 138-144, November.
    6. Verchère, Alban, 2011. "Le développement durable en question : analyses économiques autour d’un improbable compromis entre acceptions optimiste et pessimiste du rapport de l’Homme à la Nature," L'Actualité Economique, Société Canadienne de Science Economique, vol. 87(3), pages 337-403, septembre.
    7. Hammond, Peter J & Zank, Horst, 2013. "Rationality and Dynamic Consistency under Risk and Uncertainty," The Warwick Economics Research Paper Series (TWERPS) 1033, University of Warwick, Department of Economics.
    8. Lansing, Kevin J., 1999. "Optimal redistributive capital taxation in a neoclassical growth model," Journal of Public Economics, Elsevier, vol. 73(3), pages 423-453, September.
    9. Chimeli, Ariaster B. & Braden, John B., 2005. "Total factor productivity and the environmental Kuznets curve," Journal of Environmental Economics and Management, Elsevier, vol. 49(2), pages 366-380, March.
    10. Wei-Bin Zhang, 2020. "Growth, Wealth Accumulation and Environmental Change in Portfolio Choice and Trade," South-Eastern Europe Journal of Economics, Association of Economic Universities of South and Eastern Europe and the Black Sea Region, vol. 18(2), pages 197-216.
    11. Pi‐Han Tsai & Chien‐Yu Huang & Tsun‐Feng Chiang, 2020. "Fiscal Expenditure And Industrial Land Price In China: Theory And Evidence," Contemporary Economic Policy, Western Economic Association International, vol. 38(4), pages 593-606, October.
    12. R. Cellini & L. Lambertini, 2003. "On the Dynamic Consistency of Optimal Monetary Policy," Working Papers 463, Dipartimento Scienze Economiche, Universita' di Bologna.
    13. Gradus, R.H.J.M., 1989. "Optimal dynamic taxation, saving and investment," Research Memorandum FEW 400, Tilburg University, School of Economics and Management.
    14. Padilla, Emilio, 2002. "Intergenerational equity and sustainability," Ecological Economics, Elsevier, vol. 41(1), pages 69-83, April.
    15. Lafforgue, Gilles & Lorang, Etienne, 2022. "Recycling under environmental, climate and resource constraints," Resource and Energy Economics, Elsevier, vol. 67(C).
    16. Salvador Ortigueira, 2006. "Markov-Perfect Optimal Taxation," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 9(1), pages 153-178, January.
    17. Wei-Bin Zhang, 2014. "Environmental Dynamics in an Integrated Walrasian-General Equilibrium and Neoclassical-Growth Theory," Journal of Economic Development, Chung-Ang Unviersity, Department of Economics, vol. 39(3), pages 51-80, September.
    18. Soo Keong Yong & Stuart McDonald, 2018. "Emissions tax and second-mover advantage in clean technology R&D," Environmental Economics and Policy Studies, Springer;Society for Environmental Economics and Policy Studies - SEEPS, vol. 20(1), pages 89-108, January.
    19. Wei-Bin Zhang, 2017. "Economic Development and Environmental Change with Endogenous Birth and Mortality Rates," Asian Journal of Economic Modelling, Asian Economic and Social Society, vol. 5(1), pages 77-97, March.
    20. Fouad El Ouardighi & Eugene Khmelnitsky & Marc Leandri, 2020. "Production-based pollution versus deforestation: optimal policy with state-independent and-dependent environmental absorption efficiency restoration process," Annals of Operations Research, Springer, vol. 292(1), pages 1-26, September.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:ecolec:v:16:y:1996:i:1:p:73-78. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/ecolecon .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.