Financing Sustainability

The choice of discount rate is one of the most critical inputs used in cost benefit analysis of public projects and it is especially relevant when considering projects whose benefits are only apparent over the long run’. Critically evaluate the alternative approaches to setting this discount rate.<<
This essay is to be understood in the context of sustainable urban development.

The essay should make reference to 15 books related to either cost-benefit analysis or sustainable development. they should include

Reconciling sustainability and discounting in Cost–Benefit Analysis: A methodological proposal
Sáez, Carmen Almansa and Requena, Javier Calatrava. 2007. 712-725.

Benefit-cost Analysis of Environmental Projects: A Plethora of Systematic Biases
Graves, P.E. CESifo, 2010.

Cost-benefit analysis : concepts and practice
Boardman, A., Greenberg, D., Vining, A., & Weimer, D. Boston: Boston, 2011.

Cost-Benefit Analysis: An Ethical Critique.
Kelman, S. 1981. 33-40.

Discounting and intergenerational equity
Portney, P., & Weyant, J.P. Washington, DC: Washington, DC : Resources for the Future, 1999.

Evaluating Urban Transport Improvements: Cost-Benefit Analysis in the Presence of Agglomeration and Income Taxation
Venables, Anthony J. 2007. 173-188.

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