DISCOUNTING AND THE EVALUATION OF LIFESAVING PROGRAMS

被引:27
作者
CROPPER, ML [1 ]
PORTNEY, PR [1 ]
机构
[1] RESOURCES FUTURE INC,WASHINGTON,DC 20036
关键词
discounting; latency; risk valuation;
D O I
10.1007/BF00353347
中图分类号
F8 [财政、金融];
学科分类号
0202 ;
摘要
The evaluation of lifesaving programs whose benefits extend into the future involves two discounting issues. The intragenerational discounting problem is how to express, in age-j dollars, reductions in an individual's conditional probability of dying at some future age k. Having discounted future lifesaving benefits to the beginning of each individual's life, one is faced with the problem of discounting these benefits to the present-the intergenerational discounting problem. We discuss both problems from the perspectives of cost-benefit and costeffectiveness analyses. These principles are then applied to lifesaving programs that involve a latency period. © 1990 Kluwer Academic Publishers.
引用
收藏
页码:369 / 379
页数:11
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