Governments Should Not Use Declining Discount Rates in Project Analysis
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Economics Letters, Elsevier, vol. 107(3), pages 350-353, June.
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Cited by:
- Szekeres, Szabolcs, 2015. "When should the distant future not be discounted at increasing discount rates?," MPRA Paper 63437, University Library of Munich, Germany.
- Szekeres, Szabolcs, 2015. "The Mechanics of the Weitzman-Gollier Puzzles," MPRA Paper 64286, University Library of Munich, Germany.
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More about this item
Keywords
Discount rate; uncertainty; declining discount rate; benefit-cost analysis; negative compounding;All these keywords.
JEL classification:
- D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
- H43 - Public Economics - - Publicly Provided Goods - - - Project Evaluation; Social Discount Rate
NEP fields
This paper has been announced in the following NEP Reports:- NEP-PPM-2015-04-11 (Project, Program and Portfolio Management)
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