Justice and Efficiency with the Sum of Discounted Consumption Flows Method
Bibliographic Data
| ID | 4138841 |
|---|---|
| Authors | E Kula (0000-0002-8782-7304, Department of Economics, The New University of Ulster, Coleraine, Co Londonderry BT52 1SA, Northern Ireland, corresponding author) |
| Year | 1984 |
| Volume | 16 |
| Issue | 6 |
| Pages | 835-838 |
| Publication date | 1984-06-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Environment and Planning A Economy and Space (JOURNAL) |
| Journal identifiers | ISSN: 0308-518X • E-ISSN: 1472-3409 |
| Publisher | SAGE Publications Inc (PUBLISHER) |
| DOI | 10.1068/a160835 |
| OpenAlex | W1977636566 |
| Language | EN |
| References cited | 3 |
In an attempt to criticise the recently established public sector investment evaluation method, which is known as the sum of discounted consumption flows, Price makes a number of points. First, the method may yield perplexing results in practice, especially in forestry investments; second, it tends to discriminate against present generations; third, the method yields less-efficient results than the net present value criterion. All of these points are based on superficial analyses for which counterarguments are presented in the text to clarify the situation
Econometrics · Economic Justice · Economics · Mathematical economics · Microeconomics · Net present value · Political science · Social science · Sociology · Statistics · Thermodynamics · Economic theories and models · Law · Mathematics
| Citation velocity | historical |
|---|---|
| Highly cited | No |