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The chase of a multi-armed economist for the elusive social discount rate

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Abstract

The social discount rate debate has been plagued by the use of inadequate one-agent models and vague analysis. The Weitzman-Gollier puzzle (resolution) is picked here to illustrate.

Suggested Citation

  • Rubinchik, Anna, 2015. "The chase of a multi-armed economist for the elusive social discount rate," Working Papers WP2015/8, University of Haifa, Department of Economics, revised 18 Nov 2015.
    • Handle: RePEc:haf:huedwp:wp201508
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    More about this item

    Keywords

    policy evaluation; social discount rate; social welfare;
    All these keywords.

    JEL classification:

    • D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
    • H30 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - General

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