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Looking back at social discounting policy: The influence of papers, presentations, political preconditions, and personalities

Groom, Ben and Hepburn, Cameron (2017) Looking back at social discounting policy: The influence of papers, presentations, political preconditions, and personalities. Review of Environmental Economics and Policy, 11 (2). pp. 336-356. ISSN 1750-6824

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Identification Number: 10.1093/reep/rex015

Abstract

Over the past 15 years, government guidelines on social discounting for benefit–cost analysis have been updated in many different countries. These updates appear to reflect the influence of important academic contributions recommending the use of a declining term structure of discount rates. Using qualitative evidence from the United Kingdom, United States, France, and The Netherlands, this article shows that the influence of this academic supply side would not have been possible without the policy demand side and the presence of institutional or charismatic policy brokers acting as policy market makers. We argue that the market analogy is a useful framework for academics seeking to influence policy with their research.

Item Type: Article
Official URL: https://academic.oup.com/reep
Additional Information: © 2017 Oxford University Press
Divisions: Geography & Environment
Subjects: H Social Sciences > HN Social history and conditions. Social problems. Social reform
H Social Sciences > HV Social pathology. Social and public welfare. Criminology
Sets: Departments > Geography and Environment
Date Deposited: 19 Oct 2017 10:07
Last Modified: 20 Jun 2020 02:34
URI: http://eprints.lse.ac.uk/id/eprint/84860

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