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Comment on Burgess and Zerbe: On Bank Market Power and the Social Discount Rate

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  • Johansson Per-Olov

    (Stockholm School of Economics)

  • Kriström Bengt

    (Center for Environmental and Resource Economics, SLU and Umeå University)

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    Abstract

    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 Burgess and Zerbe (2011) for the U.S. but similar to those often used in the EU (3-4 percent) if private consumption is crowded out by the considered investment.

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    Bibliographic Info

    Article provided by De Gruyter in its journal Journal of Benefit-Cost Analysis.

    Volume (Year): 2 (2011)
    Issue (Month): 3 (August)
    Pages: 1-6

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    Handle: RePEc:bpj:jbcacn:v:2:y:2011:i:3:n:6

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