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Environmental policy under a non-market discount rate

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  • Horowitz, John K.

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  • 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
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    References listed on IDEAS

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    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. 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.
    3. Weitzman Martin L., 1994. "On the Environmental Discount Rate," Journal of Environmental Economics and Management, Elsevier, vol. 26(2), pages 200-209, March.
    4. 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.
    5. Glazer, Amihai, 1993. "Politics and the Choice of Durability: Reply," American Economic Review, American Economic Association, vol. 83(3), pages 674-675, June.
    6. 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.
    7. 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.
    8. 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.
    9. 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.
    10. Scheraga, Joel D., 1990. "Perspectives on government discounting policies," Journal of Environmental Economics and Management, Elsevier, vol. 18(2), pages 65-71, March.
    11. repec:bla:ecorec:v:49:y:1973:i:128:p:534-45 is not listed on IDEAS
    12. 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.
    13. 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.
    14. 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.
    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.
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    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. 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.
    3. 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.
    4. 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.
    5. Toman, Michael, 1998. "Sustainable Decisionmaking: The State of the Art from an Economics Perspective," RFF Working Paper Series dp-98-39, Resources for the Future.
    6. repec:cup:judgdm:v:7:y:2012:i:5:p:568-589 is not listed on IDEAS
    7. Adler Mandelbaum, Sara E, 2014. "Effects of Threshold Uncertainty on Common-Pool Resources," MPRA Paper 59120, University Library of Munich, Germany.
    8. 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.
    9. 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.
    10. Lampert, Adam, 2024. "Global non-sustainable harvest of renewable resources reduces their present price but increases their net present value," Resource and Energy Economics, Elsevier, vol. 76(C).
    11. Gulati, Sumeet & Vercammen, James, 2006. "Time inconsistent resource conservation contracts," Journal of Environmental Economics and Management, Elsevier, vol. 52(1), pages 454-468, July.
    12. 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.
    13. 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.
    14. 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.
    15. Orlov, Sergey & Rovenskaya, Elena, 2022. "Optimal transition to greener production in a pro-environmental society," Journal of Mathematical Economics, Elsevier, vol. 98(C).

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