Results 181 to 190 of about 3,234 (197)
Some of the next articles are maybe not open access.
Time-declining risk-adjusted social discount rates for transport infrastructure planning
Transportation, 2017This paper proposes a social discount rate for transport infrastructure project evaluation in Germany that accounts for production efficiency, systematic traffic demand risk, as well as increasing uncertainty in the long-run. The systematic risk in infrastructure planning is measured by the sensitivity of transport volume towards GDP using ...
Kathrin Goldmann
exaly +2 more sources
Declining DiscountRate Estimate in the Long-Term Economic Evaluation of Environmental Projects
Journal of Environmental Accounting and Management, 2020The decision-making processes regarding projects with long-term environmental implications are strongly influenced by the estimate of the Social Discount Rate (SDR). An economic parameter that makes it possible to compare financially the Cash Flows (CFs) that occur at different time points, in the discounting the SDR reduces excessively the costs and ...
Nestico', Antonio, Maselli, Gabriella
openaire +2 more sources
Impacts of declining discount rates on optimal harvest age and land expectation values
Journal of Forest Economics, 2018Abstract Several national governments now require the discount rate for public projects with long planning horizons to decrease over the life of a project. Theoretical results that characterize the impacts of a declining discount rate on optimal harvest age and land expectation values in the Faustmann Model are presented.
exaly +2 more sources
Optimal Rotation under Continually – or Continuously – Declining Discount Rate
2008It has been argued from a number of perspectives that the discount rate might decline with increasing period of discounting. With a stepped profile of decline, financially optimal rotations are quite likely to occur at a few discrete ages. For any form of declining discount rate, successor rotations will lengthen, and this will affect the optimal ...
Price, Colin, Price, Colin
openaire +1 more source
A probabilistic model for the estimation of declining discount rate
2020In the Cost-Benefit Analysis (CBA) the traditional discount procedures determine a significant contraction of the financial terms that are furthest over time. This contraction is not acceptable in the economic evaluation of public projects with inter-generational effects, since it causes little appreciation of the net benefits for the future ...
Maselli G., Nestico' A.
openaire +1 more source
2019
In the cost-benefit analysis (CBA), the declining discount rate (DDR) certainly allows to assign the right weight for the long-term effects of investment projects. The DDR gives the opportunity to properly evaluate projects for sustainable development in the water and energy sectors.
Nesticò, Antonio, Maselli, Gabriella
openaire +1 more source
In the cost-benefit analysis (CBA), the declining discount rate (DDR) certainly allows to assign the right weight for the long-term effects of investment projects. The DDR gives the opportunity to properly evaluate projects for sustainable development in the water and energy sectors.
Nesticò, Antonio, Maselli, Gabriella
openaire +1 more source
Implications of declining discount rates: Climate Change Policy in the UK [PDF]
, 2007 Discussions about applied Cost Benefit Analysis are incomplete without the thorny issue of discounting emerging at some point. Indeed, since the calculation of Net Present Values (NPV), and hence the efficiency of a project or policy, hinges so crucially upon the level of the discount rate applied across time, the analysis of time preference and ...
Groom, Ben +3 more
openaire +1 more source
Governments Should Not Use Declining Discount Rates in Project Analysis [PDF]
, 2015 A number of governments have already adopted the policy of applying Declining Discount Rates (DDRs) to long lived projects, a move that could affect public sector investment decisions. Arguments for the use of Declining Discount Rates are based on the consideration of uncertainty, both for discount rates derived from social welfare functions, and for ...
openaire
Editor's Choice Should Governments Use a Declining Discount Rate in Project Analysis?
Review of Environmental Economics and Policy, 2014Should governments use a discount rate that declines over time when evaluating the future benefits and costs of public projects? The argument for using a declining discount rate (DDR) is simple: if the discount rates that will be applied in the future are uncertain but positively correlated, and if the analyst can assign probabilities to these discount
Kenneth J. Arrow +12 more
openaire +1 more source
Declining Discount Rate, Rising Non-Timber Benefits and the Optimal Sequence of Rotations
Forest Policy and Economics, 2023Colin Price, Rob Willis
openaire +1 more source