"This authoritative Encyclopedia provides an innovative approach to theory, reviews, applications and examples relevant to the basic concepts of water science and water management issues in order to facilitate better interdisciplinary cooperation. In light of the broadening field and study of...

Recent research suggests that social cost-benefit analysis should be con ducted with a declining discount rate. For instance, Newell and Pizer [23] show that the U.S. certainty-equivalent discount rate declines through time, using a simple autoregressive model of U.S. interest rates. This paper...