Table of contents for Discounting and environmental policy / edited by Joel D. Scheraga.

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Acknowledgements                                                           vii
Series Preface                                                             ix
Introduction                                                                xi
PART I RESOURCE MANAGEMENT AND DISCOUNTING IN A FIRST-BEST WORLD
 1 F.P. Ramsey (1928), 'A Mathematical Theory of Saving', Economic Journal, 38, pp. 543-59.                                                             3
PART II TRADITIONALAPPROACHES TO CHOOSING AN APPROPRIATE DISCOUNT RATE
 2  William J. Baumol (1968), 'On the Social Rate of Discount', American Economic Review, 58, pp. 788-802.                                               23
 3  Roger G. Ibbotson and Laurence B. Siegel (1984), 'Real Estate Returns: 
    A Comparison with Other Investments', AREUEA Journal, 12, pp. 219-42.    39
 4  George Psacharopoulos (1985), 'Returns to Education: A Further International Update and Implications', 
    Journal of Human Resources, 20, pp. 583-604.  63
 5  Agnar Sandmo and Jacques H. Dr&ze (1971), 'Discount Rates for Public Investment in Closed and Open Economies', 
    Economica, pp. 395-412.      85
 6  Peter A. Diamond and James A. Mirrlees (1971), 'Optimal Taxation and Public Production I: 
    Production Efficiency', American Economic Review, 61, pp. 8-27.  103
 7  Peter A. Diamond and James A. Mirrlees (1971), 'Optimal Taxation and Public Production II: 
    Tax Rules', American Economic Review, 61, pp. 261-78.  123
 8  J.E. Stiglitz and P. Dasgupta (1971), 'Differential Taxation, Public Goods, and Economic Efficiency', 
    Review of Economic Studies, 37, pp. 151-74.     141
 9  Robert M. Solow (1974), 'Richard T. Ely Lecture: The Economics of Resources or 
    the Resources of Economics', American Economic Association, 64, pp. 1-14.  165 
 10 Tjalling C. Koopmans (1960), 'Stationary Ordinal Utility and Impatience',
    Econometrica, 28, pp. 287-309.                                        179
 11 J.A. Mirrlees (1967), 'Optimum Growth when Technology is Changing', Review
    of Economic Studies, 34, pp. 95-124.                                  203
 12 Partha Dasgupta and Geoffrey Heal (1974), 'The Optimal Depletion of
    Exhaustible Resources', Review of Economic Studies, 41, pp. 3-28.     233
 13 R.M. Solow (1974), 'Intergenerational Equity and Exhaustible Resources',
    Review of Economic Studies, 41, pp. 29-45.                            259



 14 Partha Dasgupta (1974), 'On Some Alternative Criteria for Justice between
    Generations', Journal of Public Economics, 3, pp. 405-23.             277
 15 Graciela Chichilnisky (1996), 'An Axiomatic Approach to Sustainable
    Development', Social Choice Welfare, 13, pp. 231-57.                  297
 16 Maureen L. Cropper, Sema K. Aydede and Paul R. Portney (1994), 'Preferences
    for Life Saving Programs: How the Public Discounts Time and Age', Journal of
    Risk and Uncertainty, 8, pp. 243-65.                                  325
PART III THE SHADOW PRICE OF CAPITAL APPROACH
 17 David F. Bradford (1975), 'Constraints on Government Investment Opportunities
    and the Choice of Discount Rate', American Economic Review, 65, pp. 887-99.  351 
 18 Randolph M. Lyon (1990), 'Federal Discount Rate Policy, the Shadow Price of
    Capital, and Challenges for Reforms', Journal of Environmental Economics and
    Management, 18, pp. S-29-S-50.                                        365
 19 Joel D. Scheraga (1990), 'Perspectives on Government Discounting Policies',
    Journal of Environmental Economics and Management, 18, pp. S-65-S-71.  387 
 20 Martin L. Weitzman (1994), 'On the "Environmental" Discount Rate', Journal of
    Environmental Economics and Management, 26, pp. 200-209.              395
 21 Robert C. Lind (1990), 'Reassessing the Government's Discount Rate Policy in
    Light of New Theory and Data in a World Economy with a High Degree of
    Capital Mobility', Journal of Environmental Economics and Management, 18,
    pp. S-8-S-28.                                                         405
PART IV DISCOUNTING AND EMERGING GLOBAL ENVIRONMENTAL ISSUES
 22 Kenneth J. Arrow and Anthony C. Fisher (1974), 'Environmental Preservation,
    Uncertainty, and Irreversibility', Quarterly Journal of Economics, 88, pp. 312-19. 429 
 23 Jeffrey A. Kolb and Joel D. Scheraga (1990), 'Discounting the Benefits and Costs
    of Environmental Regulations', Journal of Policy Analysis and Management, 9, pp. 381-90.                                                           437
 24 Edmund Phelps (1961), 'The Golden Rule of Accumulation: A Fable for
    Growthmen', American Economic Review, 51, pp. 638-43.                 447
 25 Joan Robinson (1962), 'A Neo-Classical Theorem', Review of Economic Studies,
    29, pp. 219-26.                                                       453
 26 Richard B. Howarth and Richard B. Norgaard (1992), 'Environmental Valuation
    under Sustainable Development', AEA Papers and Proceedings, 82, pp. 473-77.  461 
 27 Thomas C. Schelling (1995), 'Intergenerational Discounting', Energy Policy, 23,
    pp.395-401.                                                           467
Name Index                                                                475