Hostname: page-component-5c6d5d7d68-7tdvq Total loading time: 0 Render date: 2024-08-15T01:22:26.809Z Has data issue: false hasContentIssue false
  • English
  • Français

The End of the Bank-rate?

Published online by Cambridge University Press:  24 August 2009

D. R. Helliwell
D. R. Helliwell
Affiliation:
The Bramleys, Lindale, Cumbria, England.
Get access Rights & Permissions [Opens in a new window]

Extract

The suggestion, made in two earlier papers, that the use of a standard discount rate is not appropriate the planning of the environment, is considered further. It is concluded that the approach suggested in those papers may be of general validity in investment and cost/benefit decisions of all types. This approach involves an assessment of risks, together with an assessment of the expected ratio of investment: income.

Type
Main Papers
Information
Environmental Conservation , Volume 4 , Issue 2 , Summer 1977 , pp. 130 - 134
Copyright
Copyright © Foundation for Environmental Conservation 1977

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

Baumol, W. J. (1968). On the social rate of discount. Amer. Econ. Rev., 58, pp. 788–802.Google Scholar
Clark, C. W. (1973). The economics of over-exploitation. Science, 181, pp. 630–4.CrossRefGoogle Scholar
Fisher, A. C. & Krutilla, J. V. (1975). Resource conservation, environmental preservation, and the rate of discount. Quart. J. Econ., 89, pp. 358–70.CrossRefGoogle Scholar
Galbraith, J. K. (1969). The Affluent Society (2nd edition). Hamish Hamilton, London: 304 pp.Google Scholar
Galbraith, J. K. (1972). The New Industrial State (2nd edition). André Deutsch, London: 448 pp.Google Scholar
Helliwell, D. R. (1974). Discount rates in land-use planning. Forestry, 47(2), pp. 147–52.CrossRefGoogle Scholar
Helliwell, D. R. (1975). Discount rates and environmental conservation. Environmental Conservation, 2(3), pp. 199–201.CrossRefGoogle Scholar
Treasury, H. M. (1972). Forestry in Great Britain: An Interdepartmental Cost/Benefit Study. H.M.S.O., London: 107 pp.Google Scholar
Lecomber, R. (1975). Economic Growth versus the Environment. Macmillan, London: 96 pp.CrossRefGoogle Scholar
Nash, C. A. (1973). Future generations and the social rate of discount. Environment and Planning, 5, pp. 611–7.CrossRefGoogle Scholar