Please use this identifier to cite or link to this item:
http://hdl.handle.net/10174/2294
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Title: | Sustainability and cost - benefit analysis |
Authors: | Pires, Cesaltina |
Keywords: | Cost-benefit analysis Environmental sustainability |
Issue Date: | 1998 |
Publisher: | Pion publication |
Abstract: | In this paper I address the issue of incorporating environmental sustainability in project appraisal. I extend the results of Barbier,Markandya, and Pearce on 'operationalizing' a concept of sustainability into appraisal methods for practical decisionmaking. I generalize their
results in two directions. First, I abandon their implicit assumption that benefits and costs of a given project in a given period depend only on the level of activity of the project in the same period. Second, I address the issue of which portfolio of projects to choose. My results show how
to modify the net present value criterion for choosing a set of projects in the presence of a sustainability constraint. |
URI: | http://hdl.handle.net/10174/2294 |
Type: | article |
Appears in Collections: | CEFAGE - Publicações - Artigos em Revistas Internacionais Com Arbitragem Científica GES - Publicações - Artigos em Revistas Internacionais Com Arbitragem Científica
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