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Selection: with tag discount-rate [8 articles] 


Discounting... on stilts

The University of Chicago Law Review, Vol. 74, No. 1. (2007), pp. 119-138


[Excerpt] Jeremy Bentham famously described the concept of natural rights as “nonsense upon stilts.” This Response argues that cost-benefit analysis (CBA)—a contemporary applied version of Bentham’s utilitarianism for public policy analysis—is also nonsensical in that CBA purports to resolve questions, the answers to which have already been subsumed within the framework’s architecture. In particular, CBA subsumes vital questions of intergenerational equity through its use of an exponential discount factor to adjust future costs and benefits to a present value. This discounting procedure has the practical effect of dramatically diminishing the apparent ...


The real cost of energy

Nature, Vol. 553, No. 7682. (2017), pp. S145-S147,


All energy production has environmental and societal effects. But calculating them — and pricing energy accordingly — is no easy task. [Excerpt] [...] Electricity production is rife with externalities. Mining for raw materials often causes water pollution, habitat destruction and socio-economic harm. Burning coal pollutes the air, sickening and killing people, and introduces toxic mercury into the aquatic food chain. Nuclear-power plants require the clean-up and maintenance of radioactive materials after decommissioning. Energy production uses water, sometimes at the expense of agriculture and ...


The economic possibilities of conservation

The Quarterly Journal of Economics, Vol. 27, No. 3. (01 May 1913), pp. 497-519,


[Excerpt] It is desirable to confine the idea of conservation to its original application to natural resources. Even in this sense the concept as developed in the conservation movement comprises several distinct purposes, which are not clearly separated in the popular mind. In the first place, it expresses a demand for a fair distribution of the natural resources not yet alienated. [\n] [...] The real heart of the conservation problem presents an issue which taxes the resources of economic theory to the utmost. ...


Time discounting and criminal behavior

Proceedings of the National Academy of Sciences, Vol. 113, No. 22. (31 May 2016), pp. 6160-6165,


[Significance] One of the most fundamental predictions of almost any model of crime is that individual time preferences matter. However, empirical evidence on this basic property of the model is essentially nonexistent. We empirically investigate whether individual time discounting measured at age 13 predicts subsequent criminal involvement up to age 31. We show that time discounting significantly predicts criminal activity and that high discount rates predict crime more strongly at the extensive margin rather than for total crime. The link is much ...


Economics: current climate models are grossly misleading

Nature, Vol. 530, No. 7591. (24 February 2016), pp. 407-409,


Nicholas Stern calls on scientists, engineers and economists to help policymakers by better modelling the immense risks to future generations, and the potential for action. [Excerpt] The twin defining challenges of our century are overcoming poverty and managing climate change. If we can tackle these issues together, we will create a secure and prosperous world for generations to come. If we don't, the future is at grave risk. [\n] Researchers across a range of disciplines must work together to help decision-makers in the ...


Putting cost-benefit analysis in its place: rethinking regulatory review

University of Miami Law Review, Vol. 65 (2011), 335


Policymakers need to reassess the role of cost-benefit analysis (CBA) in regulatory review. Although it remains a valuable tool, a number of pressing current problems do not fit well into the CBA paradigm. In particular, climate change, nuclear accident risks, and the preservation of biodiversity can have very long-run impacts that may produce catastrophic and irreversible effects. This article seeks to put cost-benefit analysis in its place by demonstrating both its strengths and its limitations. The Obama Administration should rethink the ...


(INRMM-MiD internal record) List of keywords of the INRMM meta-information database - part 10

(February 2014)
Keywords: database   dataset   dating   dddas   de-facto-standard   dead-wood   debris   debris-floods   debris-flows   deciduous   deciduous-forest   decision-making   decision-making-procedure   decision-support-system   decline   decline-effect   decline-symptomology   deep-reproducible-research   deep-uncertainty   definition   deforestation   degenerated-soil   deglaciation   degradation   degradation-velocity   dehesas   delonix-regia   democracy   dendrochronology   dendroctonus   dendroctonus-frontalis   dendroctonus-micans   dendroctonus-ponderosae   dendroctonus-pseudotsugae   dendroecology   dendrology   denmark   density-related-behaviour   deposition   derived-data   desalinisation   description   desertification   deserts   design-diversity   devil-in-details   diabetes   diabetes-mellitus   diagram-data   diameter-differentiation   dictionary   die-off   dieback   diesel   differentiation   digital-preservation   digital-society   dimensional-analysis   dimensionality-reduction   dimensionless   dioryctria-splendidella   diospyros-kaki   diospyros-spp   diospyros-virginiana   diplodia-pinea   diprion-pini   dipteryx-panamensis   direct-reciprocity   disaster-recovery   disaster-response   disasters   discharge   disciplinary-barrier   disconcerting-learning   discount-rate   disease   diseases   disjunction   dispersal   dispersal-limitation   dispersal-models   dissent   distance-analysis   distance-correlation   distilled-gin   distribution   distribution-limit   disturbance-ecology   disturbance-interactions   disturbances   diversity   django   dna   dna-fingerprinting   dobrogea   dodonaea-viscosa   dormancy   dormouse   inrmm-list-of-tags  


List of indexed keywords within the transdisciplinary set of domains which relate to the Integrated Natural Resources Modelling and Management (INRMM). In particular, the list of keywords maps the semantic tags in the INRMM Meta-information Database (INRMM-MiD). [\n] The INRMM-MiD records providing this list are accessible by the special tag: inrmm-list-of-tags ( ). ...


Determining benefits and costs for future generations

Science, Vol. 341, No. 6144. (26 July 2013), pp. 349-350,


In economic project analysis, the rate at which future benefits and costs are discounted relative to current values often determines whether a project passes the benefit-cost test. This is especially true of projects with long time horizons, such as those to reduce greenhouse gas (GHG) emissions. Whether the benefits of climate policies, which can last for centuries, outweigh the costs, many of which are borne today, is especially sensitive to the rate at which future benefits are discounted. This is also ...

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Integrated Natural Resources Modelling and Management - Meta-information Database.

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Meta-information Database (INRMM-MiD).
This database integrates a dedicated meta-information database in CiteULike (the CiteULike INRMM Group) with the meta-information available in Google Scholar, CrossRef and DataCite. The Altmetric database with Article-Level Metrics is also harvested. Part of the provided semantic content (machine-readable) is made even human-readable thanks to the DCMI Dublin Core viewer. Digital preservation of the meta-information indexed within the INRMM-MiD publication records is implemented thanks to the Internet Archive.
The library of INRMM related pubblications may be quickly accessed with the following links.
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Full-text and abstracts of the publications indexed by the INRMM meta-information database are copyrighted by the respective publishers/authors. They are subject to all applicable copyright protection. The conditions of use of each indexed publication is defined by its copyright owner. Please, be aware that the indexed meta-information entirely relies on voluntary work and constitutes a quite incomplete and not homogeneous work-in-progress.
INRMM-MiD was experimentally established by the Maieutike Research Initiative in 2008 and then improved with the help of several volunteers (with a major technical upgrade in 2011). This new integrated interface is operational since 2014.