Ekaterini Panopoulou () (Department of Banking and Financial Management, University of Piraeus and Department of Economics, Finance and Accounting, Maynooth) B. Groom (Department of Economics, Finance and Accounting, University College London, UK.) P. Koundouri (Department of Economics, Finance and Accounting, University of Reading, UK and Department of Economics, Finance and Accounting, UCL, UK) Theologos Pantelidis (Department of Banking and Financial Management, University of Piraeus, Greece.)
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We estimate schedules of declining discount rates for cost benefit analysis in the UK. We highlight the importance of model selection for this task and hence for the evaluation of long-term investments, namely climate change prevention and nuclear build.
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Find related papers by JEL classification: C13 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: General - - - Estimation C53 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Forecasting and Other Model Applications Q2 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation
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