Phoebe Koundouri

Phoebe Koundouri (PhD, MPhil, BA) is a Lecturer in the Department of Economics, University of Reading, UK and a Senior Research Fellow in the Department of Economics/ CSERGE, University College London. She obtained her PhD from the Department of Economics, University of Cambridge. She has published articles in various academic journals and books, in the area of environmental and resource economics, as well as in the broader area of theoretical and applied microeconomics. She has recently coedited a book on The Economics of Water Management in Developing Countries. She has acted as an economic advisor to various international organisations, such as the World Bank, the World Health Organisation and the European Commission, and has given lectures throughout the world.

Papers Published in World Economics:

Valuing the Future

One of the most controversial areas of economics is the practice of discounting: attaching a lower weight to future costs and benefits than present costs and benefits. Discounting appears to offend notions of sustainable development and the interests of future generations. Recent advances in the theory of discounting hold out strong hope that the ‘tyranny of discounting’ can be avoided through the use of time varying discount rates (TVDRs). This paper reviews the recent rationales for TVDRs and applies the results to issues such as nuclear power and global warming control.

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