RT info:eu-repo/semantics/article
T1 Social discount rate: a revision
A1 Cruz Rambaud, Salvador
A1 Muñoz Torrecillas, María José
A2 Ediciones Universidad de Valladolid
K1 Economía política
K1 Economía de empresa
AB 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.
SN 0213-7569
YR 2006
FD 2006
LK http://uvadoc.uva.es/handle/10324/19791
UL http://uvadoc.uva.es/handle/10324/19791
LA spa
NO Anales de estudios económicos y empresariales, 2006, N.16, pags.75-98
DS UVaDOC
RD 22-dic-2024