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Discussions about applied Cost Benefit Analysis are incomplete without the thorny issue of discounting emerging at some point. Indeed, since the calculation of Net Present Values (NPV), and hence the efficiency of a project or policy, hinges so crucially upon the level of the discount rate...
Persistent link: https://www.econbiz.de/10011109255
For at least fifty years economists have argued that vertically-aggregated marginal willingness to pay, when set equal to marginal provision cost, will result in optimal public good provision levels. This methodological approach would be expected to yield an exact analog, in terms of optimal...
Persistent link: https://www.econbiz.de/10015219957
This paper sets out: - a definition of the social cost of carbon, hitherto used in UK government appraisals to reflect … policy and investment appraisals across UK government; and the factors which the SPC reflects which the social cost of carbon …) consistent with our abatement goal. It will become possible to do this as our knowledge of UK and global MACs improves over the …
Persistent link: https://www.econbiz.de/10015253804
For at least fifty years economists have argued that vertically-aggregated marginal willingness to pay, when set equal to marginal provision cost, will result in optimal public good provision levels. This methodological approach would be expected to yield an exact analog, in terms of optimal...
Persistent link: https://www.econbiz.de/10008493588
The social or economic discount rate is the threshold rate used to calculate the net present value of an investment project, a program, or a regulatory intervention to see whether the proposed expenditures are economically worthwhile to undertake. The size of the economic rate of discount has...
Persistent link: https://www.econbiz.de/10011940747
Public-private partnerships (PPPs) are long-term partnerships between the public and private sectors that usually involve the private sector undertaking investment projects that traditionally have been executed (or at least financed) and owned by the public sector. This paper considers...
Persistent link: https://www.econbiz.de/10004984651
The social or economic discount rate is the threshold rate used to calculate the net present value of an investment project, a program, or a regulatory intervention to see whether the proposed expenditures are economically worthwhile to undertake. The size of the economic rate of discount has...
Persistent link: https://www.econbiz.de/10005688125
Whether public sector projects should be discounted at a lower rate than private sector projects is a highly contentious issue and one that has spawned an enormous literature. The purpose of this paper is to assess the appropriate private and public sector discount rates in the context of public...
Persistent link: https://www.econbiz.de/10005135224
This paper estimates national economic parameters to be used for project appraisal in Namibia. The shadow prices of capital, labour and foreign exchange are derived. The results suggest that the economic opportunity cost of capital is 7.2%. The economic costs of Namibian labour as a share of...
Persistent link: https://www.econbiz.de/10005207279
The social or economic discount rate is the threshold rate used to calculate the net present value of an investment project, a program, or a regulatory intervention to see whether the proposed expenditures are economically worthwhile to undertake. The size of the economic rate of discount has...
Persistent link: https://www.econbiz.de/10005209139