This paper introduces the concepts of amount and speed of a discounting procedure in order to generate well-characterized families of procedures for use in social project evaluation. Exponential discounting sequesters the concepts of amount and speed into a single parameter that needs to be...

This book of essays “Cost- Benefit Analysis and Incentives in Evaluation” edited by Massimo Florio has a twofold objective. While it explicitly focuses on the reduction of moral hazard on the part of the European Union member states in using cost-benefit analysis (CBA), and in doing so...