Discounting for Time and Risk in Energy Policy / Edition 1

by Robert C. Lind, Kenneth J. Arrow, Gordon R. Corey, Partha Dasgupta, Amartya K. Sen

Overview

This is a collection of theoretical papers, including contributions by Partha Dasgupta and three Nobel prize-winning economists: Kenneth Arrow, Amartya Sen, and Joseph Stiglitz. Originally published in 1982.

Product Details

ISBN-13:	9781617260179
Publisher:	Taylor & Francis
Publication date:	01/19/2011
Series:	RFF Energy Policy Set , #3
Pages:	491
Product dimensions:	6.12(w) x 9.19(h) x (d)

About the Author

Robert C. Lind, Kenneth J. Arrow, Gordon R. Corey, Partha Dasgupta, Amartya K. Sen, Thomas Staufer, Joseph E. Stigiltz, J.A. Stockfisch

Table of Contents

1: Introduction; 2: A Primer on the Major Issues Relating to the Discount Rate for Evaluating National Energy Options; 3: A Reader's Guide to the Papers in this Volume; 4: The Rate of Discount on Public Investments with Imperfect Capital Markets; Comment; Comment; 5: The Rate of Discount for Benefit—Cost Analysis and the Theory of the Second Best; 6: Risk Measurement of Public Projects; 6a: Comment; 7: Measuring the Social Rate of Return on Private Investment; 8: Resource Depletion, Research and Development, and the Social Rate of Discount; Comment; Comment; Comment; Comment; 9: Approaches to the Choice of Discount Rates for Social Benefit–Cost Analysis; Comment; Comment; Comment; 10: Plant Investment Decision Making in the Electric Power Industry; 10a: Comment; 11: The Social Efficiency of Electric Utility Decision Criteria; 12: The Rate of Discount and the Application of Social Benefit–Cost Analysis in the Context of Energy Policy Decisions

Editorial Reviews

'This book should prove valuable for the individual interested in the technical aspects of discounting for energy project selection as well as for the reader wanting only a general overview of the topic. It has a wide application for not only the researcher, but also for use in the college classroom and the policy making arena...very comprehensive coverage of the issues involved in the selection of a discount rate for investment decisions.' Water Resources Bulletin

From the Publisher