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|Title:||Discounting and relative prices in assessing future environmental damages|
|University:||Göteborg University. School of Business, Economics and Law|
|Series/Report no.:||Working Papers in Economics, nr 199|
|Keywords:||Discounting; future costs; scarcity; environment; climate change|
|Abstract:||Environmentalists are often upset at the effect of discounting costs of future environmental damage, e.g. due to climate change. An often overlooked message is that we should discount costs but also take into account the increase in the relative price of the ecosystem service endangered. The effect of discounting would thus be counteracted, and if the rate of price rise of the item was fast enough it might even be reversed. The scarcity that leads to rising relative prices for the environmental ... more|
|Appears in Collections:||Working papers|
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