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Discounting and Intergenerational Equity
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Table of Contents

Foreword Robert M. Solow 1. Introduction Paul R. Portney and John P. Weyant 2. Discounting, Morality, and Gaming Kenneth J. Arrow 3. 'Just Keep Discounting, But...' Martin L. Weitzman 4. Reconciling Philosophy and Economics in Long-Term Discounting: Comments on Arrow and Weitzman Michael A. Toman 5. On the Uses of Benefit-Cost Reasoning in Choosing Policy toward Global Climate Change David F. Bradford 6. A Market-Based Discount Rate: Comments on Bradford W. David Montgomery 7. Intergenerational Equity, Social Discount Rates, and Global Warming Partha Dasgupta, Karl-G ran M ler, and Scott Barrett 8. Substitution and Social Discount Rates: Comments on Dasgupta, M ler, and Barrett V. Kerry Smith 9. Mock Referenda for Intergenerational Decisionmaking Raymond J. Kopp and Paul R. Portney 10. Intergenerational Discounting Thomas C. Schelling 11. Intergenerational Ethics, Efficiency, and Commitment: Comments on Schelling and Kopp and Portney Jerome Rothenberg 12. Equity, Efficiency, and Discounting Alan S. Manne 13. Discounting for the Very Long Term William R. Cline 14. Models and Discount Rates: Comments on Manne and Cline Shantayanan Devarajan 15. Discounting and Public Policies That Affect the Distant Future William D. Nordhaus 16. The Implications of Hyperbolic Discounting for Project Evaluation Maureen Cropper and David Laibson 17. Analysis for Intergenerational Decisionmaking Robert C. Lind Index

About the Author

Paul R. Portney is president and a senior fellow of Resources for the Future. John P. Weyant is director of the Energy Modeling Forum at Stanford University.

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But... Martin L. Weitzman 4. Reconciling Philosophy and Economics in Long-Term Discounting: Comments on Arrow and Weitzman Michael A. Toman 5. On the Uses of Benefit-Cost Reasoning in Choosing Policy toward Global Climate Change David F. Bradford 6. A Market-Based Discount Rate: Comments on Bradford W. David Montgomery 7. Intergenerational Equity

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