The Implications of Hyperbolic Discounting for Project Evaluation

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Publisher : World Bank Publications
ISBN 13 :
Total Pages : 18 pages
Book Rating : 4./5 ( download)

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Book Synopsis The Implications of Hyperbolic Discounting for Project Evaluation by : Maureen L. Cropper

Download or read book The Implications of Hyperbolic Discounting for Project Evaluation written by Maureen L. Cropper and published by World Bank Publications. This book was released on 1998 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Implications of Hyperbolic Discounting for Project Evaluation

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Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (14 download)

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Book Synopsis The Implications of Hyperbolic Discounting for Project Evaluation by : Laibson

Download or read book The Implications of Hyperbolic Discounting for Project Evaluation written by Laibson and published by . This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Implications of Hyperbolic Discounting for Project Evaluation

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Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (12 download)

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Book Synopsis The Implications of Hyperbolic Discounting for Project Evaluation by : Laibson

Download or read book The Implications of Hyperbolic Discounting for Project Evaluation written by Laibson and published by . This book was released on 1998 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Implications of Hyperbolic Discounting for Project Evaluation

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Author :
Publisher :
ISBN 13 :
Total Pages : 12 pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis The Implications of Hyperbolic Discounting for Project Evaluation by : Maureen Cropper

Download or read book The Implications of Hyperbolic Discounting for Project Evaluation written by Maureen Cropper and published by . This book was released on 2016 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt: There is strong empirical ...

Discounting and Intergenerational Equity

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Publisher : Routledge
ISBN 13 : 113589194X
Total Pages : 199 pages
Book Rating : 4.1/5 (358 download)

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Book Synopsis Discounting and Intergenerational Equity by : Paul R. Portney

Download or read book Discounting and Intergenerational Equity written by Paul R. Portney and published by Routledge. This book was released on 2013-10-18 with total page 199 pages. Available in PDF, EPUB and Kindle. Book excerpt: The full effects of decisions made today about many environmental policies -including climate change and nuclear waste- will not be felt for many years. For issues with long-term ramifications, analysts often employ discount rates to compare present and future costs and benefits. This is reasonable, and discounting has become a procedure that raises few objections. But are the methods appropriate for measuring costs and benefits for decisions that will have impacts 20 to 30 years from now the right ones to employ for a future that lies 200 to 300 years in the future? This landmark book argues that methods reasonable for measuring gains and losses for a generation into the future may not be appropriate when applied to a longer span of time. Paul Portney and John Weyant have assembled some of the world's foremost economists to reconsider the purpose, ethical implications, and application of discounting in light of recent research and current policy concerns. These experts note reasons why conventional calculations involved in discounting are undermined when considering costs and benefits in the distant future, including uncertainty about the values and preferences of future generations, and uncertainties about available technologies. Rather than simply disassemble current methodologies, the contributors examine innovations that will make discounting a more compelling tool for policy choices that influence the distant future. They discuss the combination of a high shout-term with a low long-term diescount rate, explore discounting according to more than one set of anticipated preferences for the future, and outline alternatives involving simultaneous consideration of valuation, discounting and political acceptability.

Hyperbolic Discounting

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Author :
Publisher : Createspace Independent Publishing Platform
ISBN 13 : 9781983835445
Total Pages : 132 pages
Book Rating : 4.8/5 (354 download)

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Book Synopsis Hyperbolic Discounting by : Gerardus Blokdyk

Download or read book Hyperbolic Discounting written by Gerardus Blokdyk and published by Createspace Independent Publishing Platform. This book was released on 2018-01-14 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt: What will drive Hyperbolic discounting change? What does Hyperbolic discounting success mean to the stakeholders? Is the scope of Hyperbolic discounting defined? When was the Hyperbolic discounting start date? What role does communication play in the success or failure of a Hyperbolic discounting project? This exclusive Hyperbolic discounting self-assessment will make you the entrusted Hyperbolic discounting domain assessor by revealing just what you need to know to be fluent and ready for any Hyperbolic discounting challenge. How do I reduce the effort in the Hyperbolic discounting work to be done to get problems solved? How can I ensure that plans of action include every Hyperbolic discounting task and that every Hyperbolic discounting outcome is in place? How will I save time investigating strategic and tactical options and ensuring Hyperbolic discounting opportunity costs are low? How can I deliver tailored Hyperbolic discounting advise instantly with structured going-forward plans? There's no better guide through these mind-expanding questions than acclaimed best-selling author Gerard Blokdyk. Blokdyk ensures all Hyperbolic discounting essentials are covered, from every angle: the Hyperbolic discounting self-assessment shows succinctly and clearly that what needs to be clarified to organize the business/project activities and processes so that Hyperbolic discounting outcomes are achieved. Contains extensive criteria grounded in past and current successful projects and activities by experienced Hyperbolic discounting practitioners. Their mastery, combined with the uncommon elegance of the self-assessment, provides its superior value to you in knowing how to ensure the outcome of any efforts in Hyperbolic discounting are maximized with professional results. Your purchase includes access details to the Hyperbolic discounting self-assessment dashboard download which gives you your dynamically prioritized projects-ready tool and shows your organization exactly what to do next. Your exclusive instant access details can be found in your book.

Hyperbolic Discounting

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Author :
Publisher : Createspace Independent Publishing Platform
ISBN 13 : 9781979936194
Total Pages : 132 pages
Book Rating : 4.9/5 (361 download)

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Book Synopsis Hyperbolic Discounting by : Gerard Blokdyk

Download or read book Hyperbolic Discounting written by Gerard Blokdyk and published by Createspace Independent Publishing Platform. This book was released on 2017-11-21 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt: What will drive Hyperbolic discounting change? What does Hyperbolic discounting success mean to the stakeholders? Is the scope of Hyperbolic discounting defined? When was the Hyperbolic discounting start date? What role does communication play in the success or failure of a Hyperbolic discounting project? This exclusive Hyperbolic discounting self-assessment will make you the entrusted Hyperbolic discounting domain assessor by revealing just what you need to know to be fluent and ready for any Hyperbolic discounting challenge. How do I reduce the effort in the Hyperbolic discounting work to be done to get problems solved? How can I ensure that plans of action include every Hyperbolic discounting task and that every Hyperbolic discounting outcome is in place? How will I save time investigating strategic and tactical options and ensuring Hyperbolic discounting opportunity costs are low? How can I deliver tailored Hyperbolic discounting advise instantly with structured going-forward plans? There's no better guide through these mind-expanding questions than acclaimed best-selling author Gerard Blokdyk. Blokdyk ensures all Hyperbolic discounting essentials are covered, from every angle: the Hyperbolic discounting self-assessment shows succinctly and clearly that what needs to be clarified to organize the business/project activities and processes so that Hyperbolic discounting outcomes are achieved. Contains extensive criteria grounded in past and current successful projects and activities by experienced Hyperbolic discounting practitioners. Their mastery, combined with the uncommon elegance of the self-assessment, provides its superior value to you in knowing how to ensure the outcome of any efforts in Hyperbolic discounting are maximized with professional results. Your purchase includes access details to the Hyperbolic discounting self-assessment dashboard download which gives you your dynamically prioritized projects-ready tool and shows your organization exactly what to do next. Your exclusive instant access details can be found in your book.

Shaping the Next One Hundred Years

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Publisher : Rand Corporation
ISBN 13 : 0833034855
Total Pages : 211 pages
Book Rating : 4.8/5 (33 download)

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Book Synopsis Shaping the Next One Hundred Years by : Robert J. Lempert

Download or read book Shaping the Next One Hundred Years written by Robert J. Lempert and published by Rand Corporation. This book was released on 2003-07-18 with total page 211 pages. Available in PDF, EPUB and Kindle. Book excerpt: A sophisticated reader ought to view with great skepticism the prospect of answering questions about the long-term future. The checkered history of predicting the future-from the famous declarations that humans would never fly to the Limits to Growth study to claims about the "New Economy"-has dissuaded policymakers from considering the effects of their decisions more than a few months or years ahead. However, today's choices will significantly influence the course of the twenty-first century. New analytic methods, enabled by modern computers, may transform our ability to reason systematically about the long term. This report reviews traditional methods of grappling with the morrow, from narratives to scenario analysis, which fail to address the multiplicity of plausible long-term futures. The authors demonstrate a quantitative approach to long-term policy analysis (LTPA). Robust decision methods enable decisionmakers to examine a vast range of plausible futures and design near-term, often adaptive, strategies to be robust across them. Reframing the question "What will the long-term future bring?" as "How can we choose actions today that will be consistent with our long-term interests?" these methods provide powerful analytic support to humans' innate capacity for "what-if-ing." Choosing the challenge of sustainable development as an example, the authors discuss how these methods may be applied to real-world LTPA and a wide range of other challenges of decisionmaking under conditions of deep uncertainty.

Benefit Incidence and the Timing of Program Capture

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Publisher : World Bank Publications
ISBN 13 :
Total Pages : 41 pages
Book Rating : 4./5 ( download)

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Book Synopsis Benefit Incidence and the Timing of Program Capture by : Peter Lanjouw

Download or read book Benefit Incidence and the Timing of Program Capture written by Peter Lanjouw and published by World Bank Publications. This book was released on 1998 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: August 1998 Benefits from schooling and antipoverty programs in rural India were captured early by the nonpoor. The poor tend to benefit from program expansion, and lose from contraction. Conventional methods of assessing benefit incidence hide this fact. Survey-based estimates of average program participation conditional on income are often used in assessing the distributional impacts of public spending reforms. But program participation could well be nonhomogeneous, so that marginal impacts of program expansion or contraction differ greatly from average impacts. Using the geographic variation found in sample survey data for rural India for 1993-94, Lanjouw and Ravallion estimate the marginal odds of participating in schooling and antipoverty programs. Their results suggest early capture of these programs by the nonpoor. Thus, conventional methods of assessing benefit incidence underestimate the gains to India's rural poor from higher public outlays, and their loss from program cuts. This paper-a product of Poverty and Human Resources, Development Research Group-was prepared as a background paper for the Bank's 1998 Poverty Assessment for India. The authors may be contacted at [email protected] or [email protected].

The Political Economy of Privatization

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Publisher : World Bank Publications
ISBN 13 :
Total Pages : 31 pages
Book Rating : 4./5 ( download)

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Book Synopsis The Political Economy of Privatization by : George R. G. Clarke

Download or read book The Political Economy of Privatization written by George R. G. Clarke and published by World Bank Publications. This book was released on 1998 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: Political incentives appear to affect the likelihood of privatization. Provinces in Argentina whose governors belonged to a fiscally conservative party were more likely to privatize, and fiscal and economic crises increased the likelihood of privatization. Clarke and Cull study the political economy of bank privatization in Argentina. The results of their study strongly support the hypothesis that political incentives affect the likelihood of privatization. They find that: * Provinces whose governors belonged to the fiscally conservative Partido Justicialista were more likely to privatize. * Fiscal and economic crises increased the likelihood of privatization. * Poorly performing banks were more likely to be privatized. They tested the hypotheses for a specific industry in a specific country, making it possible to control for enterprise performance and institutional characteristics. It seems reasonable to expect that similar results might hold in other industries and countries. This paper-a product of the Development Research Group-is part of a larger effort in the group to investigate the determinants of structural change in development countries' banking sectors. The authors may be contacted at [email protected] or [email protected].

Climate Change and Sustainable Development

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Author :
Publisher : Taylor & Francis
ISBN 13 : 1000443965
Total Pages : 304 pages
Book Rating : 4.0/5 (4 download)

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Book Synopsis Climate Change and Sustainable Development by : Anil Markandya

Download or read book Climate Change and Sustainable Development written by Anil Markandya and published by Taylor & Francis. This book was released on 2021-05-30 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'Makes a substantial contribution to the practical, effective analysis of climate change mitigation options in developing countries.' Development And Cooperation 'The book is an excellent exercise and a good source of detailed information, and a basis for further discussions. Any person interested in this major environmental problem should read it.' International Journal of Environment and Pollution 'Markandya and Halsnaes' collection is thoughtfully put together and can be recommended to all the practitioners in the fields of climate change and sustainable development.' The Journal of Energy Literature This text argues that the policies pursued by developing countries will be crucial in determining the progress of climate change. Many are industrializing rapidly and the largest, particularly China and India, could have an impact at least as significant as that of the already industrialized economies - the reason given by President Bush for taking the US out of the Kyoto Protocol. The future of sustainable development in large measure depends on developing countries. This book develops a pragmatic framework for evaluating the climate change options faced by each developing country, depending on their individual circumstances. It assesses present methods, suggests how these might be improved, and proposes ways in which social and developmental aspects can be taken into account. Its discussion of the issues and the methods presented contribute to the practical analysis of climate change mitigation options in developing countries. The book should be useful to professionals, governments, international organizations and environmental groups working on climate change issues; as well as researchers, academics and students in economics, environmental and development studies and international affairs.

Estonia, the Challenge of Financial Integration

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Publisher : World Bank Publications
ISBN 13 :
Total Pages : 29 pages
Book Rating : 4./5 ( download)

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Book Synopsis Estonia, the Challenge of Financial Integration by : Carlos Brandão Cavalcanti

Download or read book Estonia, the Challenge of Financial Integration written by Carlos Brandão Cavalcanti and published by World Bank Publications. This book was released on 1998 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: July 1998 To gain recognition from its counterparts in the European Union, Estonia must give priority to improving risk management in its banks and improving institutional capacity for bank regulation and supervision. The most important challenge of Estonia's strategy for integrating its financial sector with that of the European Union (EU) is to upgrade its capacity for prudential regulation and supervision enough to gain recognition from its EU counterparts. Doing so is also a crucial complement to Estonia's strategy for strengthening macroeconomic policy and stabilization-especially because, under a currency board, its banks are a central part of the transmission mechanism for capital flows. Under the currency board banks have been able to arbitrage between domestic and foreign financial markets-increasingly funding themselves from abroad. Such arbitrage has become the key funding source for rapidly expanding credit, contributing to the country's large current account deficit. Estonian authorities are justified in tightening prudential regulation and supervision because of the risks associated with an overheating economy, general market volatility, and the possible deterioration in the quality of credit. Improvements in prudential regulation should be followed by improvements in the country's capacity to supervise banks and an upgrading of the banks' risk management systems, to manage the increasingly complex operations and diverse markets in which they engage. These steps should be a priority. The institutional development of banks and supervision have lagged behind market developments. In improving the regulatory framework for banks, Estonia should avoid establishing incentives for tax arbitrage that lead to the creation of artificial and socially costly financial intermediaries. This paper is a product of the Poverty Reduction and Economic Management Sector Unit, Europe and Central Asia Region. The authors may be contacted at [email protected] or [email protected].

Protecting the Environment and the Poor

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Publisher : World Bank Publications
ISBN 13 :
Total Pages : 37 pages
Book Rating : 4./5 ( download)

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Book Synopsis Protecting the Environment and the Poor by : Gunnar S. Eskeland

Download or read book Protecting the Environment and the Poor written by Gunnar S. Eskeland and published by World Bank Publications. This book was released on 1998 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Total Strangers Or Soul Mates?

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Publisher : World Bank Publications
ISBN 13 :
Total Pages : 32 pages
Book Rating : 4./5 ( download)

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Book Synopsis Total Strangers Or Soul Mates? by : J. Luis Guasch

Download or read book Total Strangers Or Soul Mates? written by J. Luis Guasch and published by World Bank Publications. This book was released on 1998 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: August 1998 As Latin American and Caribbean countries have liberalized their trade regimes, they have enthusiastically adopted antidumping measures that reduce competition. Competition laws are only beginning to make their appearance in the region. Antidumping and competition policies are strangers in the region when they should be soul mates. As a result of trade reforms in the 1980s and 1990s Latin American and Caribbean countries became more open than at any time since World War II. However, these countries have recently begun to use antidumping measures as the new protection weapon of choice, as other barriers to trade have been reduced. In fact, the fastest growing antidumping actions are within regional integration arrangements, where they are being applied by member countries against each other. Guasch and Rajapatirana argue that antidumping is anticompetitive and that its usual justification as a counter to predatory behavior is not relevant in the region. It is imperative, they say, that antidumping be contained if not altogether eliminated. While they find that safeguards are less anticompetitive than antidumping, they believe that all exceptional protection measures, such as antidumping, countervailing, and safeguards, should be considered together with competition policies. In other words, they should become soul mates rather than remain total strangers. Guasch and Rajapatirana do not find that fine-tuning antidumping policy is a good option. Rather, they believe that both trade and competition policymaking ought to be brought under a single entity, as in Peru. This would lead to a more competitive solution. This paper-a product of the Finance, Private Sector, and Infrastructure Group, Latin America and the Caribbean Region-is part of a larger effort in the department to. The authors may be contacted at [email protected] or [email protected].

Crisis Management in Argentina During the 1994-95 Mexican Crisis

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Publisher : World Bank Publications
ISBN 13 :
Total Pages : 39 pages
Book Rating : 4./5 ( download)

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Book Synopsis Crisis Management in Argentina During the 1994-95 Mexican Crisis by : Eduardo J. J. Ganapolsky

Download or read book Crisis Management in Argentina During the 1994-95 Mexican Crisis written by Eduardo J. J. Ganapolsky and published by World Bank Publications. This book was released on 1998 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Mexican crisis of 1994-95 had strong spillover effects on Argentina. The Argentine government successfully announced a series of policies to mitigate the contagion effects. This paper studies how capital markets reacted to each policy announcement and news. Capital markets welcomed announcements that demonstrated a firm commitment to the currency board. The agreement with the IMF, the dollarization of reserve deposits in the central bank, and changes in reserve requirements had a strong positive impact on market returns. After a period of higher volatility, the appointment of a new finance minister significantly decreased the variance of stock and bond returns, while lower reserve requirements increased the volatility of interest rates.

Comparative Advantage and the Cross Section of Business Cycles

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Publisher : World Bank Publications
ISBN 13 :
Total Pages : 50 pages
Book Rating : 4./5 ( download)

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Book Synopsis Comparative Advantage and the Cross Section of Business Cycles by :

Download or read book Comparative Advantage and the Cross Section of Business Cycles written by and published by World Bank Publications. This book was released on with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Trade Policies and Incentives in Indian Agriculture

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Publisher : World Bank Publications
ISBN 13 :
Total Pages : 131 pages
Book Rating : 4./5 ( download)

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Book Synopsis Trade Policies and Incentives in Indian Agriculture by : Garry Pursell

Download or read book Trade Policies and Incentives in Indian Agriculture written by Garry Pursell and published by World Bank Publications. This book was released on 1998 with total page 131 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper describes the methodology for a series of background papers that measure incentives in India's agriculture. The first study on sugarcane and sugar shows that the domestic market has been isolated from world markets by extensive controls, but between 1965 and 1995 there was a significant downward trend in the ratio of domestic to international sugar prices. This paper is the first in a series of studies to provide background data and protection and incentive indicators for 13 major Indian crops, which have been estimated in connection with extensive research on Indian agricultural incentives. The general methodology of the studies is described in the first section of the paper. The second section of the paper focuses on sugarcane and sugar. It shows that between 1965 and 1994 real domestic prices of sugar and cane were quite stable in India, declining an average of 0.6 percent (sugar) and 0.3 percent (cane) a year. During the same 29 years the free market price of sugar fluctuated widely (expressed in Indian rupees) but in real terms increased about 1.3 percent a year. This contrast in trends reflects the real devaluation of the rupee after 1986 but meant that by the early 1990s, at world sugar prices of US 13-15 cents a pound or higher, India's domestic prices were roughly equivalent to, or below, world reference prices. Because of the fluctuations in world free market prices, nominal protection of sugar and sugarcane production in India-as measured by differences between domestic prices and border reference prices-also fluctuated. Nominal protection was: * High during low world prices in the 1960s and the mid-1980s. * Negative when world prices were high in the mid-1970s and early 1980s. * Moderate to low by previous standards between 1989 and 1994. Incentives for cane production did not change much when allowance is made for the nominal protection of tradable inputs (principally fertilizers) or subsidies for the principal nontradable imports (canal irrigation, credit, and electricity for pumpsets). Incentives for cane production were somewhat higher in Uttar Pradesh than in Maharashtra and Tamil Nadu. Half of Indian cane production is used by artisanal producers of gur and small-scale de facto unregulated producers of khandsari sugar. Because of India's complex regulatory system-especially in the important sugar-producing state, Uttar Pradesh-incentives are significantly higher for unregulated activities than for the modern sugar mill sector. Regulations subject sugar mills to controls that require them to: * Sell specific quantities of their sugar production at low levy prices. * Sell molasses production at a fraction (0.1 or less) of open market and border prices. * Pay minimum prices (for specific quantities of cane) at above-free-market prices, except in years of cane shortages. This paper is a product of Trade, Development Research Group. Garry Pursell may be contacted at [email protected].