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The Discount Rate

2017
The most important price in any CBA in the public domain is invariably the discount rate that is used. For in virtually any CBA in the public sphere, the costs and benefits involved do not usually accrue instantaneously at the point in time at which a particular project in question is carried out. They are usually spread over many years.
W. Beckerman
openaire   +2 more sources

A 3.8% discount rate? [PDF]

open access: yes, 2009
We find that a discount rate of 3.8% allows us to derive the schedule of value of life years in Murphy and Topel [2006] from their schedule of value of remaining years of life, this latter presumably being based on a value of statistical life of $6.3 million. We draw on the Makeham function for life expectancy in our calculation.
Hartwick, John
openaire   +3 more sources

Subjective Cash Flow and Discount Rate Expectations

Journal of Finance, 2020
Why do stock prices vary? Using survey forecasts, we find that cash flow growth expectations explain most movements in the S&P 500 price-dividend and price-earnings ratios, accounting for at least 93% and 63% of their variation. These expectations comove
O R.Dela, S. Myers
semanticscholar   +1 more source

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