1. Go back to chapter 7 and review the concept of benefit/cost analysis and the dynamic efficiency...
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1. Go back to chapter 7 and review the concept of benefit/cost analysis and the dynamic efficiency standard that is implied by such an analysis. Can benefit/cost analysis and dynamic efficiency be made consistent with a sustainability standard? If so, how might this affect the appropriate choice of discount rate and the sort of screens that might be applied to various projects that could eliminate projects or policies that generate current benefits at the cost of future generations?
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Environmental And Natural Resources Economics Theory Policy And The Sustainable Society
ISBN: 9780765614728
3rd Edition
Authors: Margaret Ray ,David A. Anderson
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