2024-03-29T07:32:54Zhttps://uvadoc.uva.es/oai/requestoai:uvadoc.uva.es:10324/197912021-07-06T08:25:17Zcom_10324_5191com_10324_5186com_10324_29291col_10324_5231
Cruz Rambaud, Salvador
Muñoz Torrecillas, María José
Ediciones Universidad de Valladolid
2016-10-10T12:30:55Z
2016-10-10T12:30:55Z
2006
Anales de estudios económicos y empresariales, 2006, N.16, pags.75-98
0213-7569
http://uvadoc.uva.es/handle/10324/19791
75
16
98
This paper is focused in the problem of choosing a social discount rate (SDR) for public investment projects. The standard use of the cost-benefit analysis based on the exponential discounting and a constant discount rate has been criticized, when used to appraise long-term public projects. The critiques are motivated for the scarce importance this model attaches to the consequences of a certain project in the distant future and so to future generations. For this Feason, several authors have approached the discounting process in a different way, taking into account variable discount rates and new discounting functions. In this paper, we have tried to include al1 the relevant contributions on the searching of an appropriate social discount rate, offering an overview of the research in the area.
application/pdf
spa
info:eu-repo/semantics/openAccess
http://creativecommons.org/licenses/by-nc-nd/4.0/
Attribution-NonCommercial-NoDerivatives 4.0 International
Anales de estudios económicos y empresariales
Economía política
Economía de empresa
Social discount rate: a revision
info:eu-repo/semantics/article