Discount rate method is a tool for asset pricing in the theories of investment and corporate finance, using discount to exchange from future cashflows present value, but some limitation this could not capital cost (WACC) charges ($WACC) exactly at each time. The aim paper exploit an based on consequent inflows (yang) outflows (yin) relevant ancient graphic He Tu Yi Jing, repair paying stakehold...

The social discount rate debate has been plagued by the use of inadequate one-agent models and vague analysis. The Weitzman-Gollier puzzle (resolution) is picked here to illustrate. J.E.L. classification numbers: D61, H30.

We develop an expression for the long-term discount rate in an economy in which a representative consumer has access to both a risk-free and a risky production technology. Even when the risk-free sector is very small, and with probability one becomes a negligible fraction of the economy in the long run, interest rates are determined differently than in a single-sector economy. As in a single-ri...

The standard social discount rate of 12% applied by planning institutions and multilateral agencies when evaluating public projects is a constant administrative parameter that unsupported unresponsive to changes in preferences over time. This paper presents an alternative way determining the based on gamma estimation model (Weitzman, 2001) developing-country context, which has three advantages:...