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To justify substantial carbon emission reductions, recent literature on cost-benefit analysis of climate change suggests discounting environmental quality at a lower discount rate than the standard consumption discount rate. Recent literature also shows that a theoretical foundation for such a...
Persistent link: https://www.econbiz.de/10008779644
To justify substantial carbon emission reductions, recent literature on cost-benefit analysis of climate change suggests discounting environmental quality at a lower discount rate than the standard consumption discount rate. Recent literature also shows that a theoretical foundation for such a...
Persistent link: https://www.econbiz.de/10003846026
Public sector projects in Iran are inefficiently carried out for reasons of mismanagement and poor prioritization. This problem may arise from the lack of a generally accepted social discount rate for project appraisal. The value of the social discount rate can have implications for resource...
Persistent link: https://www.econbiz.de/10011972291
Background: Economic evaluation (EE) is a dynamically advancing knowledge area of health economics. It has been conceived to provide evidence for allocating scarce resources to gain the best value for money. The problem of efficiency of investments becomes even more crucial with advances in...
Persistent link: https://www.econbiz.de/10011890361
Through this paper the author discusses the phenomenon of excessive Government borrowing and the factors that lead Governments to be so dependent on financial markets. It is argued that the combined effect of unregulated financial intermediaries, hedge funds and Credit Rating Agencies in...
Persistent link: https://www.econbiz.de/10009566338
The Ramsey (1928) equation decomposes the real discount rate into the pure rate of time preference plus a term that accounts for the changing marginal utility of consumption. Discussions about the appropriate discount rate to apply in Cost Benefit Analysis sometimes refer to variations induced...
Persistent link: https://www.econbiz.de/10014310245
In the current economical and financial crisis, the economic evaluation of transport infrastructure investment projects is of most importance. Given the need of most governments to reduce spending and control the deficit, having tools that facilitate decision-making seems to be a key objective....
Persistent link: https://www.econbiz.de/10009664743
Persistent link: https://www.econbiz.de/10013554765
Persistent link: https://www.econbiz.de/10014426252
commons, the planetary boundaries framework is missing a thorough integration into economic theory. We aim to bridge the gap … between welfare economic theory and planetary boundaries as derived in the natural sciences by presenting a unified theory of …
Persistent link: https://www.econbiz.de/10014436822