Showing papers by "Maureen L. Cropper published in 1990"
TL;DR: In this article, the authors examined willingness to pay for future risk reductions from the perspective of the current generation, and found that the implied discount factor may be substantial. But they did not consider the impact of environmental policies on both current and future generations.
105 citations
TL;DR: In this paper, the authors consider the problem of discounting future benefits to the present by using cost-benefit and costeffectiveness analysis from the perspective of intergenerational discounting.
Abstract: The evaluation of lifesaving programs whose benefits extend into the future involves two discounting issues. The intragenerational discounting problem is how to express, in age-j dollars, reductions in an individual's conditional probability of dying at some future age k. Having discounted future lifesaving benefits to the beginning of each individual's life, one is faced with the problem of discounting these benefits to the present—the intergenerational discounting problem. We discuss both problems from the perspectives of cost-benefit and costeffectiveness analyses. These principles are then applied to lifesaving programs that involve a latency period.
43 citations