Johansson, Per-Olov; Kriström, Bengt - In: Journal of Benefit-Cost Analysis 2 (2011) 3
In this note we discuss how to estimate the social discount rate when banks have market power. Some data from Sweden are used to illustrate the approach. If other investments are crowded out, the implied social discount rate is around 7 percent, i.e. more or less equal to the one suggested by...
