Risk-adjusted long-term social rates of discount for transportation infrastructure investment
نویسندگان
چکیده
منابع مشابه
Risk-adjusted long term social rates of discount for transportation infrastructure investment
We modify a method recently suggested by Martin Weitzman (2012) for determining a risk-adjusted social discount rate (SDR) term structure consistent with both the (augmented) Ramsey rule and the consumption-based CAPM. Using this approach we estimate SDR for transportation infrastructure investments based on an analysis of correlations between transportation work, split on road and rail, and pa...
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متن کاملDiscount rates for long - term projects
General rights Copyright for the publications made accessible via the Edinburgh Research Explorer is retained by the author(s) and / or other copyright owners and it is a condition of accessing these publications that users recognise and abide by the legal requirements associated with these rights. Take down policy The University of Edinburgh has made every reasonable effort to ensure that Edin...
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ژورنال
عنوان ژورنال: Research in Transportation Economics
سال: 2014
ISSN: 0739-8859
DOI: 10.1016/j.retrec.2014.09.020