This paper demonstrates a comprehensive methodology to assess the viability of an environmental management plan which has long-run economic and ecological impacts. The case study under consideration is the implementation of a water resource management plan in a water scarce region of the world,...

This paper demonstrates a comprehensive methodology to assess the viability of an environmental management plan which has long-run economic and ecological impacts. The case study under consideration is the implementation of a water resource management plan in a water scarce region of the world,...

The paper proposes a ‘component-based’ approach to guide the choice of the social discount rate in natural resources damage assessment, where time and discounting are key features. It is a multi-rate discounting scheme, which draws on concepts from dual-rate and time-declining approaches....