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Declining Discount Rates [PDF]
American 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 ...
Cropper, Maureen L. +3 more
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The Social Discount Rate [PDF]
Journal of Political Economy, 2001 What discount rate should be applied to social investments? It is standard to use the market interest rate, thereby respecting private preferences. We show that application of this “revealed preference” criterion rests on faith, not on logic. It is justified only if preferences over all choices, including past choices, are time invariant.
Andrew Caplin, John Leahy
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Exchange-rate discounting [PDF]
Journal of International Money and Finance, 1995 Abstract Economists often describe nominal exchange rates as forward-looking, so that they reflect discounted, expected, future fundamentals. This study applies a method for identifying the discount rate involved, without knowing or measuring fundamentals.
Smith, Gregor W., Smith, Gregor W.
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SOCIAL DISCOUNT RATE: ASSESSMENT METHODOLOGY [PDF]
Baltic Journal of Economic Studies, 2018 The purpose of the paper is to investigate the assessment methods of social discount rate, to determine its calculation algorithm and to substantiate applied aspects relatively implementation of one or another method during cash flow discounting in ...
Volodymyr Lipkan +2 more
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Thermodynamic Approach to the Discount Rate and Discounted Cash Flow Method
Risks, 2023 Current theories of the discount rate have a theoretical basis focused on risk; risk-free rate and risk premium. The basic component of the discount rate, the risk-free rate as purely empirical has a natural infirmity which consequently weakens the final
Mieczysław Dobija, Jurij Renkas
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The problem of lending to agricultural enterprises in the context of the COVID-19 pandemic [PDF]
E3S Web of Conferences, 2021 The main obstacle to the implementation of lending to agricultural enterprises is the high cost of credit. In our opinion, an adequate state agricultural policy should increase the interest of commercial banks in providing loans.
Yekimov Sergey +4 more
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Frontiers in Public Health, 2022 Previous research has demonstrated associations between delay discount rate and engagement in several health behaviors. The delay discount rate is also inversely associated with social discount rates, a putative measure for sharing.
Natashia Bibriescas +4 more
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Declining Discount Rates for Energy Policy Investments in CEE EU Member Countries
Energies, 2022 Energy policy investments are usually evaluated using a cost-benefit analysis (CBA), which requires an estimation of the social discount rate (SDR). The choice of SDR can be crucial for the outcome of the appraisal, as energy-related investments generate
Rafał Buła, Monika Foltyn-Zarychta
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Mathematics, 2021 The main aim of this paper was to examine specific approaches to determining the discount rate for comprehensive computation of investment projects efficiency in the oil and gas industry.
Alexey Komzolov +4 more
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On Multiple Discount Rates [PDF]
Econometrica, 2018 We propose a theory of intertemporal choice that is robust to specific assumptions on the discount rate. One class of models requires that one utility stream be chosen over another if and only if its discounted value is higher for all discount factors in a set. Another model focuses on an average discount factor.
Chambers, Christopher P. +1 more
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