Mock Referenda for Intergenerational Decision-making
| dc.creator | Kopp, Raymond J. | |
| dc.creator | Portney, Paul R. | |
| dc.date | 2017-04-01T18:05:55Z | |
| dc.date.accessioned | 2026-07-09T02:59:39Z | |
| dc.description | Traditional applications of benefit-cost analysis make use of what we refer to as the "damage function and discounting" (or DFD) approach. This approach is well-suited to the analysis of projects for which the principal benefits and costs occur within the next thirty to forty years, say. However, for projects with significant intergenerational consequences--i.e., impacts that do not arise for hundreds of years or more--the DFD approach becomes almost intractable. We propose an alternative conception of benefit-cost analysis for intergenerational decision-making--the mock referendum--that is: (i) arguably more consistent with the tenets of modern welfare economics; (ii) more amenable to the analysis of long-term projects or policies; and (iii) consistent with political decision(s) that must be made if climate mitigation (or other long-term environmental protection) measures are to be taken. | |
| dc.identifier | doi:10.22004/ag.econ.10745 | |
| dc.identifier | https://ageconsearch.umn.edu/record/10745/files/dp970048.pdf | |
| dc.identifier | http://ageconsearch.umn.edu/record/10745 | |
| dc.identifier.uri | http://hdl.handle.net/123456789/524417 | |
| dc.language | eng | |
| dc.publisher | ||
| dc.source | http://ageconsearch.umn.edu/record/10745 | |
| dc.title | Mock Referenda for Intergenerational Decision-making | |
| dc.type | Text |