First published in 1997. Routledge is an imprint of Taylor a Francis, an informa company.To grasp the reasoning here, it may be of some help to draw a parallel with the physicista#39;s concept of the half-life of radioactive material. ... of discounting to handle the psychology of risk avoidance, we are suggesting that a real output (or cost) available now ... it is easy to say how many years will elapse before that original value is deemed to have decayed by one-half. ... produce short half-lives athey markedly devalue the medium- and long-term effects of project investment decisions.
|Title||:||Introduction To The Economics Of Water Resources|
|Publisher||:||Routledge - 2004-08-02|