Ethical Aspects of Intertemporal Discounting and the Social Discount Rate
نویسندگان
چکیده
منابع مشابه
The Social Discount Rate under Intertemporal Risk Aversion and Ambiguity
Following the Stern review of climate change the numerical choice of the social discount rate has been identified as one of the most crucial determinants of optimal policy recommendations for greenhouse gas mitigation policies. In this paper I point out two closely related contributions to the social discount rate in an uncertain world that have been overlooked in the debate. First, the standar...
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Recent debates over the economics of climate change underscore the importance of what at first blush is a narrow technical issue in welfare economics and cost-benefit analysis (CBA). Yet even before the need to study the economics of climate change, debate over both nuclear energy policy and water resource policy highlighted the fateful role that social discount rates play in policy prescriptio...
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The approach adopted in this paper in order to measure the US social discount rate is market-driven and relies on trade-offs in financial markets. The underlying assumptions are that public budgets displace the marginal private investment, and that US citizens borrow to finance home mortgages. The average debt capacity of the US citizen, or the representative investor, is 20%. It is argued that...
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ژورنال
عنوان ژورنال: Hitelintézeti szemle
سال: 2018
ISSN: 1588-6883,2416-3201
DOI: 10.25201/fer.17.3.109132