An Anatomy of Discounting in Costbenefit Analysis

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Other Title
  • 割引率は何を意味しどのように発展してきたか

Abstract

<p>This paper provides an overview of the standard theory of discounting in cost-benefit analysis. With an application to long-term environmental problems in mind, we begin with the classic issue of discounting and intergenerational equity, which dates back to the seminal work of Frank Ramsey in the 1920s. Then, by reviewing recent developments in the theory of declining discounting rates (DDRs), we show how relatively low and declining discount rates can be justified in the presence of uncertainty. Also, we briefly discuss the practical implications of discounting in the context of climate change.</p>

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Details 詳細情報について

  • CRID
    1390282680717586176
  • NII Article ID
    130005277394
  • DOI
    10.14927/reeps.9.2_1
  • ISSN
    21882495
    18823742
  • Text Lang
    ja
  • Data Source
    • JaLC
    • CiNii Articles
    • KAKEN
  • Abstract License Flag
    Disallowed

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