EurekaMag
+ Translate
+ Most Popular
The pigeon tick (Argas reflexus): its biology, ecology, and epidemiological aspects
Prevalence of hemoglobin abnormalities in Kebili (Tunisian South)
Lipogranuloma: a preventable complication of dacryocystorhinostomy
Value of basal plasma cortisol assays in the assessment of pituitary-adrenal insufficiency
Bees from the Belgian Congo. The acraensis group of Anthophora
Placing gingival retraction cord
Total serum IgE, allergy skin testing, and the radioallergosorbent test for the diagnosis of allergy in asthmatic children
Acariens plumicoles Analgesoidea parasites des oiseaux du Maroc
Injuries of terminal phalanges of the fingers in children
Biology of flowering and nectar production in pear (Pyrus communis)
Das Reliktvorkommen der Aspisviper (Vipera aspis L.) im Schwarzwald
Hydrological modelling of drained blanket peatland
Pathologic morphology and clinical significance of the anomalous origin of the left circumflex coronary artery from the right coronary artery. General review and autopsy analysis of 30 cases
Cyto genetic analyses of lymphocyte cultures after exposure to calcium cyclamate
Axelrodia riesei, a new characoid fish from Upper Rio Meta in Colombia With remarks concerning the genus Axelrodia and description of a similar, sympatric, Hyphessobrycon-species
Favorable evolution of a case of tuberculosis of pancreas under antibiotic action
RIFM fragrance ingredient safety assessment, Valencene, CAS Registry Number 4630-07-3
Parenteral microemulsions: an overview
Temperate pasture: management for grazing and conservation
Evaluation of a new coprocessed compound based on lactose and maize starch for tablet formulation
Thermal expansion and cracking of three confined water-saturated igneous rocks to 800C
Revision of the genera of the tribe Stigmoderini (Coleoptera: Buprestidae) a discussion of phylogenetic relationships
Anal tuberculosis. Report of a case
Gastric tuberculosis in the past and present
Adaptive responses of the cardiovascular system to prolonged spaceflight conditions: assessment with Holter monitoring

Depletable resources, discounting and intergenerational equity


Depletable resources, discounting and intergenerational equity



Resources policy 15(4): 292-296



ISSN/ISBN: 0301-4207

DOI: 10.1016/0301-4207(89)90002-0

A major criticism of the use of benefit-cost analysis in the management of depletable natural resources is that discounting future benefits encourages current consumption at the expense of future generations. Discounting future benefits of depletable resources has also been regarded as incompatible with sustainable economic growth. This article shows that by treating natural resources as capital assets and their depletion as capital consumption rather than as income we can reconcile discounting of future benefits with intergenerational equity and sustainable economic growth. Illustrations are provided for the management of virgin forests, mineral resources, agricultural resources, and wilderness amenities.

Please choose payment method:






(PDF emailed within 0-6 h: $19.90)

Accession: 015456406

Download citation: RISBibTeXText

Related references

Intergenerational equity and dual discounting. Environment and Development Economics 16(06): 685-707, 2011

Intergenerational equity, discounting, and the role of cost-benefit analysis in evaluating global climate policy. Energy Policy 23(4-5): 379-389, 1995

Diet selection on depletable resources. Oikos 54(1): 33-43, 1989

Replenishable but depletable resources: water. Environmental and natural resource economics: 222-247, 1992

On intergenerational equity and its clash with intragenerational equity and on the need for policies to guide the regulation of disposal of wastes and other activities posing very long-term risks. Risk Analysis: An Official Publication of the Society for Risk Analysis 19(5): 877-901, 1999

Intertemporal consistency issues in depletable resources. Handbook of natural resource and energy economics: 3: 881-931, 1993

Economic theory of depletable resources: an introduction. Handbook of natural resource and energy economics: 3: 759-854, 1993

Competition in Markets for Depletable Resources with Setup Costs. Environmental and Resource Economics 30(3): 243-257, 2005

Diet choice by Rivulus luelingi on depletable resources. Tropical Ecology 39(2): 225-237, 1998

Depletable resources: necessary, in need of fair treatment, and multi-functional. Behavioral and Brain Sciences 36(6): 689-90; Discussion 707-26, 2013

Of oil and rainforests: using commodity cartels to conserve depletable natural resources. International Environmental Affairs 7(3): 207-234, 1995

Intergenerational discounting. Energy Policy 23(4-5): 395-401, 1995

Pricing of water resources with depletable externality; the effects of pollution charges. Water Resources Research 26(4): 531, 1990

A policy-impact model for the supply of depletable resources with applications to crude oil. Energy 2(3): 257-272, 1977

Intergenerational and international discounting. Risk Analysis: An Official Publication of the Society for Risk Analysis 20(6): 833-837, 2000