The Isolation Paradox and the Discount Rate for Benefit-Cost Analysis
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چکیده
منابع مشابه
Intergenerational Equity and the Discount Rate for Cost-benefit Analysis Revised Version
For two independent principles of intergenerational equity, the implied discount rate equals the growth rate of real percapita income, say 2%, thus falling right into the range suggested by the U.S. Office of Management and Budget. To prove this, we develop a simple tool to evaluate small policy changes affecting several generations, by reducing the dynamic problem to a static one. A necessary ...
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ژورنال
عنوان ژورنال: The Quarterly Journal of Economics
سال: 1981
ISSN: 0033-5533
DOI: 10.2307/2936144