Results 161 to 170 of about 3,234 (197)

Declining Discount Rates [PDF]

open access: yesAmerican Economic Review, 2014
We ask whether the US government should replace its current discounting practices with a declining discount rate schedule, as the United Kingdom and France have done, or continue to discount the future at a constant exponential rate. We present the theoretical basis for a declining discount rate (DDR) schedule, but focus on how, in practice, a DDR ...
Maureen L Cropper   +2 more
exaly   +7 more sources

Declining discount rates and the Fisher Effect: Inflated past, discounted future? [PDF]

open access: yesJournal of Environmental Economics and Management, 2015
Uncertain and persistent real interest rates underpin one argument for using a declining term structure of social discount rates in the Expected Net Present Value (ENPV) framework. Despite being controversial, this approach has influenced both the Inter-Agency Working Group on Cost–Benefit Analysis and the UK government?s guidelines on discounting.
Mark C Freeman   +2 more
exaly   +8 more sources

Should Governments Use a Declining Discount Rate in Project Analysis? [PDF]

open access: yesReview of Environmental Economics and Policy, 2014
At a workshop held at Resources for the Future in September 2011, twelve of the authors were asked by the US Environmental Protection Agency (EPA) to provide advice on the principles to be used in discounting the benefits and costs of projects that affect future generations. Maureen L. Cropper chaired the workshop.
Ben Groom   +2 more
exaly   +4 more sources

Declining discount rates: Economic justifications and implications for long-run policy [PDF]

open access: yesEconomic Policy, 2008
Should economic policy target immediate problems like malaria and AIDS? Or should it target climate change, which may have even more dramatic life-threatening effects in the very long term? We discuss how the pattern of discount rates over the planning horizon bears on this important issue.
Christian Gollier   +2 more
exaly   +9 more sources

Planetary boundaries of consumption growth: Declining social discount rates [PDF]

open access: yesPhysica A: Statistical Mechanics and Its Applications, 2019
We introduce the logistic model of consumption growth, which captures a negative feedback loop preventing an unlimited growth of consumption due to finite biophysical resources of our planet. This simple dynamic model allows for derivation of the expression describing the declining long-term tail of a social discount curve.
VÍCTOR E Gluzberg, Yuri A Katz
exaly   +3 more sources

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