Advanced Search
MyIDEAS: Login

Discounting In Intergenerational Project Appraisal – Efficient Versus Just Decision Making

Contents:

Author Info

  • Monika Foltyn-Zarychta

    ()
    (Faculty of Finance and Insurance, "Karol Adamiecki" University of Economics, Katowice, Poland)

Abstract

The problem of long term public investment appraisal, especially those affecting future genera-tions is a complex issue consisting of the questions of the valuation of inputs and outputs, uncertainty and the problem of dealing with effects emerging in different moments of time. The last problem is usually solved by using discounting procedure. The paper aims at analyzing the definition of the discount rate in project appraisal procedure in the light of effectiveness and justice of intergenerational investment decision making. The analysis in-cludes answering the question of the rationale for discounting in short perspective in certain appraisal procedures concerning efficient and just decision criteria. Then, selected ethical approaches to future generations rights are presented as the basis for establishing the connection between the discount rate and intergenerational justice. Finally, various levels of discount rate are analyzed assuming different rights assignment to present and future generations.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://anale.feaa.uaic.ro/anale/resurse/fin16zarychta.pdf
Download Restriction: no

File URL: http://anale.feaa.uaic.ro/anale/ro/Arhiva%202010n-Zarychta/356
Download Restriction: no

Bibliographic Info

Article provided by Alexandru Ioan Cuza University, Faculty of Economics and Business Administration in its journal Analele Stiintifice ale Universitatii "Alexandru Ioan Cuza" din Iasi.

Volume (Year): 57 (2010)
Issue (Month): (november)
Pages: 289-303

as in new window
Handle: RePEc:aic:journl:y:2010:v:57:p:289-303

Contact details of provider:
Postal: Universitatea Al. I. Cuza; B-dul Carol I nr. 22; Iasi
Phone: 004 0232 201070
Fax: 004 0232 217000
Email:
Web page: http://anale.feaa.uaic.ro/anale/
More information through EDIRC

Related research

Keywords: public investment; investment project appraisal; discount rate;

Find related papers by JEL classification:

References

No references listed on IDEAS
You can help add them by filling out this form.

Citations

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:aic:journl:y:2010:v:57:p:289-303. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sireteanu Napoleon-Alexandru).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.