The most appropriate discount rate
Author
Abstract
Suggested Citation
DOI: 10.1515/jbca-2013-0016
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Scott Farrow & W. Kip Viscusi, 2013.
"Towards principles and standards for the benefit–cost analysis of safety,"
Chapters, in: Scott O. Farrow & Richard Zerbe, Jr. (ed.), Principles and Standards for Benefit–Cost Analysis, chapter 5, pages 172-193,
Edward Elgar Publishing.
- Farrow Scott & Viscusi W. Kip, 2011. "Towards Principles and Standards for the Benefit-Cost Analysis of Safety," Journal of Benefit-Cost Analysis, De Gruyter, vol. 2(3), pages 1-25, August.
- Farrow, Scott & Viscusi, W. Kip, 2011. "Towards Principles and Standards for the Benefit-Cost Analysis of Safety," Journal of Benefit-Cost Analysis, Cambridge University Press, vol. 2(3), pages 1-25, August.
- Richard O. Zerbe & Tyler Blake Davis & Nancy Garland & Tyler Scott, 2013. "Conclusion: principles and standards for benefit–cost analysis," Chapters, in: Scott O. Farrow & Richard Zerbe, Jr. (ed.), Principles and Standards for Benefit–Cost Analysis, chapter 11, pages 364-443, Edward Elgar Publishing.
- Glenn W. Harrison & Morten I. Lau & Melonie B. Williams, 2002.
"Estimating Individual Discount Rates in Denmark: A Field Experiment,"
American Economic Review, American Economic Association, vol. 92(5), pages 1606-1617, December.
- Glenn W. Harrison & Morten I. Lau & Melonie B. Williams, 2001. "Estimating Individual Discount Rates in Denmark: A Field Experiment," NCEE Working Paper Series 200102, National Center for Environmental Economics, U.S. Environmental Protection Agency, revised Nov 2001.
- Glenn Harrison & Morten Lau & Elisabet Rutstrom & Melonie Williams, 2002. "Estimating individual discount rates in denmark: A field experiment," Artefactual Field Experiments 00062, The Field Experiments Website.
- Stern,Nicholas, 2007. "The Economics of Climate Change," Cambridge Books, Cambridge University Press, number 9780521700801, October.
- Moore Mark A. & Boardman Anthony E. & Vining Aidan R., 2013.
"More appropriate discounting: the rate of social time preference and the value of the social discount rate,"
Journal of Benefit-Cost Analysis, De Gruyter, vol. 4(1), pages 1-16, March.
- Moore, Mark A. & Boardman, Anthony E. & Vining, Aidan R., 2013. "More appropriate discounting: the rate of social time preference and the value of the social discount rate," Journal of Benefit-Cost Analysis, Cambridge University Press, vol. 4(1), pages 1-16, March.
- Shane Frederick & George Loewenstein & Ted O'Donoghue, 2002. "Time Discounting and Time Preference: A Critical Review," Journal of Economic Literature, American Economic Association, vol. 40(2), pages 351-401, June.
- Bradford, David F, 1975. "Constraints on Government Investment Opportunities and the Choice of Discount Rate," American Economic Review, American Economic Association, vol. 65(5), pages 887-899, December.
- David F. Burgess & Richard O. Zerbe, 2013.
"Appropriate discounting for benefit–cost analysis,"
Chapters, in: Scott O. Farrow & Richard Zerbe, Jr. (ed.), Principles and Standards for Benefit–Cost Analysis, chapter 7, pages 247-263,
Edward Elgar Publishing.
- Burgess David F & Zerbe Richard O, 2011. "Appropriate Discounting for Benefit-Cost Analysis," Journal of Benefit-Cost Analysis, De Gruyter, vol. 2(2), pages 1-20, April.
- Scott O. Farrow & Richard Zerbe, Jr. (ed.), 2013. "Principles and Standards for Benefit–Cost Analysis," Books, Edward Elgar Publishing, number 15126.
- Liqun Liu, 2011. "From the Shadow Price of Capital to the Marginal Cost of Funds: In Search of the Implementation of a Principle," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 13(3), pages 369-389, June.
- William D. Nordhaus, 2007. "A Review of the Stern Review on the Economics of Climate Change," Journal of Economic Literature, American Economic Association, vol. 45(3), pages 686-702, September.
- Burgess, David F. & Zerbe, Richard O., 2011. "Appropriate Discounting for Benefit-Cost Analysis," Journal of Benefit-Cost Analysis, Cambridge University Press, vol. 2(2), pages 1-20, April.
- Ben Groom & Cameron Hepburn & Phoebe Koundouri & David Pearce, 2005. "Declining Discount Rates: The Long and the Short of it," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 32(4), pages 445-493, December.
- Burgess, David F., 2013. "Reconciling alternative views about the appropriate social discount rate," Journal of Public Economics, Elsevier, vol. 97(C), pages 9-17.
- Partha Dasgupta, 2008. "Discounting climate change," Journal of Risk and Uncertainty, Springer, vol. 37(2), pages 141-169, December.
- C. Leigh ANDERSON & Mary Kay GUGERTY, 2009. "Intertemporal Choice And Development Policy: New Evidence On Time‐Varying Discount Rates From Vietnam And Russia," The Developing Economies, Institute of Developing Economies, vol. 47(2), pages 123-146, June.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Monika Foltyn-Zarychta & Rafał Buła & Krystian Pera, 2021. "Discounting for Energy Transition Policies—Estimation of the Social Discount Rate for Poland," Energies, MDPI, vol. 14(3), pages 1-21, January.
- Mark A. Moore & Anthony E. Boardman & Aidan R. Vining, 2020. "Social Discount Rates for Seventeen Latin American Countries: Theory and Parameter Estimation," Public Finance Review, , vol. 48(1), pages 43-71, January.
- Moore, Mark A. & Boardman, Anthony E. & Vining, Aidan R., 2013.
"The choice of the social discount rate and the opportunity cost of public funds,"
Journal of Benefit-Cost Analysis, Cambridge University Press, vol. 4(3), pages 401-409, December.
- Moore Mark A. & Boardman Anthony E. & Vining Aidan R., 2013. "The choice of the social discount rate and the opportunity cost of public funds," Journal of Benefit-Cost Analysis, De Gruyter, vol. 4(3), pages 401-409, December.
- de Rus, Ginés & Socorro, M. Pilar, 2014. "Access pricing, infrastructure investment and intermodal competition," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 70(C), pages 374-387.
- Spackman, Michael, 2021. "Social discounting and the cost of public funding in practice," LSE Research Online Documents on Economics 111490, London School of Economics and Political Science, LSE Library.
- Tamai, Toshiki, 2023. "The rate of discount on public investments with future bias in an altruistic overlapping generations model," European Journal of Political Economy, Elsevier, vol. 79(C).
- Peter Abelson & Tim Dalton, 2018. "Choosing the Social Discount Rate for Australia," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 51(1), pages 52-67, March.
- Szekeres, Szabolcs, 2023. "The simple answer to the Social Discount Rate question," MPRA Paper 117843, University Library of Munich, Germany.
- Broughel, James, 2021. "Rehabilitating the Opportunity Cost of Capital in Cost–Benefit Analysis," Working Papers 11433, George Mason University, Mercatus Center.
- Liqun Liu & Andrew J. Rettenmaier & Thomas R. Saving, 2021. "Discounting Environmental Benefits for Future Generations," Public Finance Review, , vol. 49(1), pages 41-70, January.
- Szekeres, Szabolcs, 2024. "Resolving the Discounting Dilemma," MPRA Paper 120014, University Library of Munich, Germany.
- repec:pra:mprapa:120058 is not listed on IDEAS
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Therese Grijalva & Jayson Lusk & W. Shaw, 2014. "Discounting the Distant Future: An Experimental Investigation," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 59(1), pages 39-63, September.
- Tamai, Toshiki, 2023. "The rate of discount on public investments with future bias in an altruistic overlapping generations model," European Journal of Political Economy, Elsevier, vol. 79(C).
- Aline Chiabai & Ibon Galarraga & Anil Markandya & Unai Pascual, 2013.
"The Equivalency Principle for Discounting the Value of Natural Assets: An Application to an Investment Project in the Basque Coast,"
Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 56(4), pages 535-550, December.
- Aline Chiabai & Ibon Galarraga & Anil Markandya & Unai Pascual, 2011. "The Equivalency Principle for Discounting the Value of Natural Assets: An Application to an Investment Project in the Basque Coast," Working Papers 2011-10, BC3.
- Moore, Mark A. & Boardman, Anthony E. & Vining, Aidan R., 2013.
"More appropriate discounting: the rate of social time preference and the value of the social discount rate,"
Journal of Benefit-Cost Analysis, Cambridge University Press, vol. 4(1), pages 1-16, March.
- Moore Mark A. & Boardman Anthony E. & Vining Aidan R., 2013. "More appropriate discounting: the rate of social time preference and the value of the social discount rate," Journal of Benefit-Cost Analysis, De Gruyter, vol. 4(1), pages 1-16, March.
- Geoffrey Heal & Antony Millner, 2013.
"Discounting under Disagreement,"
NBER Working Papers
18999, National Bureau of Economic Research, Inc.
- Geoffrey Heal & Antony Millner, 2013. "Discounting under disagreement," GRI Working Papers 112, Grantham Research Institute on Climate Change and the Environment.
- Moore, Mark A. & Boardman, Anthony E. & Vining, Aidan R., 2013.
"The choice of the social discount rate and the opportunity cost of public funds,"
Journal of Benefit-Cost Analysis, Cambridge University Press, vol. 4(3), pages 401-409, December.
- Moore Mark A. & Boardman Anthony E. & Vining Aidan R., 2013. "The choice of the social discount rate and the opportunity cost of public funds," Journal of Benefit-Cost Analysis, De Gruyter, vol. 4(3), pages 401-409, December.
- Cameron Hepburn & Stephen Duncan & Antonis Papachristodoulou, 2010. "Behavioural Economics, Hyperbolic Discounting and Environmental Policy," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 46(2), pages 189-206, June.
- Akbulut, Hale & Seçilmiş, Erdem, 2019. "Estimation of a social discount rate for Turkey," Socio-Economic Planning Sciences, Elsevier, vol. 67(C), pages 78-85.
- David F. Burgess & Richard O. Zerbe, 2013.
"Appropriate discounting for benefit–cost analysis,"
Chapters, in: Scott O. Farrow & Richard Zerbe, Jr. (ed.), Principles and Standards for Benefit–Cost Analysis, chapter 7, pages 247-263,
Edward Elgar Publishing.
- Burgess David F & Zerbe Richard O, 2011. "Appropriate Discounting for Benefit-Cost Analysis," Journal of Benefit-Cost Analysis, De Gruyter, vol. 2(2), pages 1-20, April.
- Therese C. Grijalva & Jayson L. Lusk & Rong Rong & W. Douglass Shaw, 2018. "Convex Time Budgets and Individual Discount Rates in the Long Run," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 71(1), pages 259-277, September.
- Michael Spackman, 2011. "Government discounting controversies: the valuation of social time preference," GRI Working Papers 68, Grantham Research Institute on Climate Change and the Environment.
- van den Bergh, J.C.J.M. & Botzen, W.J.W., 2015. "Monetary valuation of the social cost of CO2 emissions: A critical survey," Ecological Economics, Elsevier, vol. 114(C), pages 33-46.
- Min Gong & David Krantz & Elke Weber, 2014. "Why Chinese discount future financial and environmental gains but not losses more than Americans," Journal of Risk and Uncertainty, Springer, vol. 49(2), pages 103-124, October.
- A. Mitchell Polinsky & Paul N. Riskind, 2017. "Deterrence and the Optimal Use of Prison, Parole, and Probation," NBER Working Papers 23436, National Bureau of Economic Research, Inc.
- Holger Strulik, 2021.
"Hyperbolic discounting and the time‐consistent solution of three canonical environmental problems,"
Journal of Public Economic Theory, Association for Public Economic Theory, vol. 23(3), pages 462-486, June.
- Strulik, Holger, 2017. "Hyperbolic discounting and the time-consistent solution of three canonical environmental problems," University of Göttingen Working Papers in Economics 319, University of Goettingen, Department of Economics, revised 2017.
- Kollenberg, Sascha & Taschini, Luca, 2016.
"Emissions trading systems with cap adjustments,"
Journal of Environmental Economics and Management, Elsevier, vol. 80(C), pages 20-36.
- Sascha Kollenberg & Luca Taschini, 2016. "Emissions trading systems with cap adjustments," GRI Working Papers 195, Grantham Research Institute on Climate Change and the Environment.
- Kollenberg, Sascha & Taschini, Luca, 2016. "Emissions trading systems with cap adjustments," LSE Research Online Documents on Economics 67774, London School of Economics and Political Science, LSE Library.
- Eric Fesselmeyer & Haoming Liu & Alberto Salvo, 2022. "Declining discount rates in Singapore's market for privately developed apartments," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 37(2), pages 330-350, March.
- Johansson-Stenman, Olof & Sterner, Thomas, 2015.
"Discounting and relative consumption,"
Journal of Environmental Economics and Management, Elsevier, vol. 71(C), pages 19-33.
- Johansson-Stenman, Olof & Sterner, Thomas, 2011. "Discounting and Relative Consumption," RFF Working Paper Series dp-11-38, Resources for the Future.
- Johansson-Stenman, Olof & Sterner, Thomas, 2013. "Discounting and Relative Consumption," Working Papers in Economics 559, University of Gothenburg, Department of Economics.
- Robert S. Pindyck, 2013.
"The Climate Policy Dilemma,"
Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 7(2), pages 219-237, July.
- Robert S. Pindyck, 2012. "The Climate Policy Dilemma," NBER Working Papers 18205, National Bureau of Economic Research, Inc.
- Moxnes, Erling, 2014. "Discounting, climate and sustainability," Ecological Economics, Elsevier, vol. 102(C), pages 158-166.
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bpj:jbcacn:v:4:y:2013:i:3:p:391-400:n:6. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Peter Golla (email available below). General contact details of provider: https://www.degruyter.com .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.