Alberini, Anna; Chiabai, Aline - 2006
discount rate is 2% in (a) and 8.7% in (b). The latter is lower than the discount rates estimated in comparable situations in …We use data from a survey of residents of five Italian cities conducted in late Spring 2004 to estimate the discount … rates implicit in (a) money v. future risk reductions and (b) money v. money tradeoffs. We find that the mean personal …