time value of money consider the discussion of environmental services
Time value of money. Consider the discussion of environmental services in the Radiolab show, "Worth." One criticism frequently made about cost-benefit analysis of environmental resources is that assigning worth based on the consumption value for current users ignores the interests of future generations. In a few sentences, what does inattention to the impact of environmental decisions on future generations imply about the discount rate that is being attached to "environmental services?" Is it high, or low? Discuss what a higher or lower discount rate would mean in this context.
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