A social time preference methodology derived from Feldstein (1965) is applied to calculate social discount rates across 167 countries and across time from 2005-2050 for a country case (Brazil). This attempt seeks to compute comparable figures from a homogeneous dataset and provides a...

This paper introduces a Price to Book model that splits the return on net assets (RoNA) into two parts - the return on existing net assets and that on future investment. It can be used in combination with the traditional Price to book model and will often be a more useful valuation tool

Public-private partnerships (PPPs) involve the supply by the private sector of infrastructure and services deriving from infrastructure assets which have traditionally been supplied by the public sector. PPPs are spreading all over the world. It may be quite plausible that such arrangements were...

Focusing primarily on public housing transfers in Queensland, South Australia and Tasmania, this Inquiry analysed the associated processes and frameworks to reveal the lessons learned. The case studies reveal aspects of transfer practices such as capturing Rent Assistance-enhanced revenues; the...

The analytical challenges in evaluating the impacts of transmission line investments have vexed practitioners and electricity market regulators. The purpose of this study is to provide a guideline for improving the accuracy and predictability of the impacts of electricity rehabilitation...

The authors discuss the role of private debt in financial crises and attempt to apply the debt deflation logic to the data and facts surrounding the post bail-in years in Cyprus. It is found that the financial crisis in Cyprus was indeed predictable and that a key problem facing the country...

The article discusses the enormous private debt in Cyprus and how it impacts the conditions for economic recovery. It stresses the need more drastic and decisive action from the Government including the participation of international multilateral financiers in reconstructing and funding viable...

This paper is a revised version of: "http://ssrn.com/abstract=2643293" http://ssrn.com/abstract=2643293.A revised version of this paper can be found at: "http://ssrn.com/abstract=3307622" http://ssrn.com/abstract=3307622.The paper derives the optimal carbon tax in closed-form from an integrated...

The appropriate measure of the social discount rate is the social opportunity cost of borrowed funds (a weighted average of the rates of return on displaced investment, postponed consumption, and incremental foreign funding), which ensures that a proposed policy produces a potential Pareto...

This paper discusses how to evaluate a large project when there is a substitute. The new large project causes discrete price adjustments in the substitute market. For example, a new high-speed rail may shift the demand curve for flight tickets to the left and reduce their price, in turn shifting...