Kubíček, Jan; Vítek, Leoš - In: Politická ekonomie 2010 (2010) 3, pp. 291-304
A social rate of discount is an important variable for cost-benefit analysis. Its size can be crucial for an approval (or disapproval) of the project under evaluation, therefore it is important to have a theoretically founded estimate of the discount rate. There are two main approaches to...