Hultkrantz, Lars; A. Krüger, Niclas; Mantalos, Panagiotis - In: Research in Transportation Economics 47 (2014) C, pp. 70-81
We modify a method recently suggested by Weitzman (2012, 2013) for determining a risk-adjusted social discount rate (SDR) term structure consistent with both the (augmented) Ramsey rule and the consumption-based CAPM. Using this approach we estimate SDR for transportation infrastructure...
