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The Social Rate of Discount and The Optimal Rate of Investment

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  1. Abi Adams & Laurens Cherchye & Bram De Rock & Ewout Verriest, 2014. "Consume Now or Later? Time Inconsistency, Collective Choice, and Revealed Preference," American Economic Review, American Economic Association, vol. 104(12), pages 4147-4183, December.
  2. Coppola, Andrea & Fernholz, Fernando & Glenday, Graham, 2014. "Estimating the economic opportunity cost of capital for public investment projects : an empirical analysis of the Mexican case," Policy Research Working Paper Series 6816, The World Bank.
  3. Jean Tirole, 1981. "Taux d'actualisation et optimum second," Revue Économique, Programme National Persée, vol. 32(5), pages 829-869.
  4. Nicolas Treich, 2022. "The Dasgupta Review and the Problem of Anthropocentrism," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 83(4), pages 973-997, December.
  5. Frederick, Shane, 2006. "Valuing future life and future lives: A framework for understanding discounting," Journal of Economic Psychology, Elsevier, vol. 27(5), pages 667-680, October.
  6. James J. McRae, 1975. "Economic Theory and Non Replenishable Resources," Canadian Public Policy, University of Toronto Press, vol. 1(1), pages 58-65, Winter.
  7. Rausser, Gordon C. & de Janvry, Alain & Schmitz, Andrew & Zilberman, David D., 1980. "Principal issues in the evaluation of public research in agriculture," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt74v9m7dh, Department of Agricultural & Resource Economics, UC Berkeley.
  8. Tangren Feng & Shaowei Ke, 2018. "Social Discounting and Intergenerational Pareto," Econometrica, Econometric Society, vol. 86(5), pages 1537-1567, September.
  9. Scarborough, Helen, 2011. "Intergenerational equity and the social discount rate," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 55(2), pages 1-14.
  10. Muller, Nicholas Z., 2019. "The derivation of discount rates with an augmented measure of income," Journal of Environmental Economics and Management, Elsevier, vol. 95(C), pages 87-101.
  11. Francis Dennig, 2018. "Climate change and the re-evaluation of cost-benefit analysis," Climatic Change, Springer, vol. 151(1), pages 43-54, November.
  12. Hense, Florian, 2015. "Interest rate elasticity of bank loans: The case for sector-specific capital requirements," CFS Working Paper Series 504, Center for Financial Studies (CFS).
  13. Broome, John, 1996. "The Value of Life and the Value of Population," Journal of Population Economics, Springer;European Society for Population Economics, vol. 9(1), pages 3-18, February.
  14. Nesje, Frikk, 2020. "Cross-dynastic Intergenerational Altruism," Working Papers 0678, University of Heidelberg, Department of Economics.
  15. von Amsberg, Joachim, 1995. "Excessive environmental risks: An intergenerational market failure," European Economic Review, Elsevier, vol. 39(8), pages 1447-1464, October.
  16. William Schulze, 1974. "Social Welfare Functions for the Future," The American Economist, Sage Publications, vol. 18(1), pages 70-81, March.
  17. John C. V. Pezzey, 2002. "A One-sided Sustainability Test With Multiple Consumption Goods," Working Papers in Ecological Economics 0201, Australian National University, Centre for Resource and Environmental Studies, Ecological Economics Program.
  18. J.-F. Besson, 1966. "Centralisation et décentralisation. Le problème des biens collectifs," Revue Économique, Programme National Persée, vol. 17(4), pages 560-602.
  19. Mouter, Niek & Chorus, Caspar, 2016. "Value of time – A citizen perspective," Transportation Research Part A: Policy and Practice, Elsevier, vol. 91(C), pages 317-329.
  20. Wylie Bradford, 2014. "Quo vadis: Does economic theory need a sustainability makeover?," The Economic and Labour Relations Review, , vol. 25(4), pages 551-562, December.
  21. Arian Daneshmand & Esfandiar Jahangard & Mahnoush Abdollah-Milani, 2018. "A time preference measure of the social discount rate for Iran," Journal of Economic Structures, Springer;Pan-Pacific Association of Input-Output Studies (PAPAIOS), vol. 7(1), pages 1-10, December.
  22. Millner, Antony & Heal, Geoffrey, 2018. "Time consistency and time invariance in collective intertemporal choice," Journal of Economic Theory, Elsevier, vol. 176(C), pages 158-169.
  23. Rose, Roger & Cox, Anthony, 1991. "Australia's natural resources: optimising present and future use," Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) Archive 316171, Australian Government, Australian Bureau of Agricultural and Resource Economics and Sciences.
  24. Millner, Antony & Heal, Geoffrey, 2018. "Discounting by committee," Journal of Public Economics, Elsevier, vol. 167(C), pages 91-104.
  25. Spash, Clive L., 1993. "Future harm and current obligations: the case of global warming," MPRA Paper 39626, University Library of Munich, Germany.
  26. Marianne Vigneault, 1996. "Commitment and the time structure of taxation of foreign direct investment," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 3(4), pages 479-494, October.
  27. Pasqual, Joan & Souto, Guadalupe, 2003. "Sustainability in natural resource management," Ecological Economics, Elsevier, vol. 46(1), pages 47-59, August.
  28. Sarkar, Sudipto, 2012. "Attracting private investment: Tax reduction, investment subsidy, or both?," Economic Modelling, Elsevier, vol. 29(5), pages 1780-1785.
  29. Li, Qingran & Pizer, William A., 2021. "Use of the consumption discount rate for public policy over the distant future," Journal of Environmental Economics and Management, Elsevier, vol. 107(C).
  30. Norgaard, Richard B., 1992. "Sustainability and the economics of assuring assets for future generations," Policy Research Working Paper Series 832, The World Bank.
  31. Christian Westerlind Wigstrom, 2013. "A British Investment Bank: Why and How?," Global Policy, London School of Economics and Political Science, vol. 4, pages 22-29, July.
  32. Levy, Nadav & Pauzner, Ady, 2014. "Government's credit-rating concerns and the evaluation of public projects," Journal of Public Economics, Elsevier, vol. 115(C), pages 117-130.
  33. Robert Delorme, 1976. "A propos du taux d'actualisation du Plan," Revue Économique, Programme National Persée, vol. 27(1), pages 1-30.
  34. Nijkamp, P., 1989. "Long-term tradeoffs for sustainability policies in the area of environmental toxicology : an economic analysis of a nimby syndrome," Serie Research Memoranda 0049, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics.
  35. Johansson-Stenman, Olof, 2001. "Environmental Policy when People's Preferences are Inconsistent, Non-Welfaristic, or simply Not Developed," Working Papers in Economics 34, University of Gothenburg, Department of Economics.
  36. Lazaro, Angelina & Barberan, Ramon & Rubio, Encarnacion, 2002. "The discounted utility model and social preferences:: Some alternative formulations to conventional discounting," Journal of Economic Psychology, Elsevier, vol. 23(3), pages 317-337, June.
  37. John C. V. Pezzey, 2004. "Sustainability Policy and Environmental Policy," Scandinavian Journal of Economics, Wiley Blackwell, vol. 106(2), pages 339-359, June.
  38. Konrad, Kai A., 1992. "Wealth seeking reconsidered," Journal of Economic Behavior & Organization, Elsevier, vol. 18(2), pages 215-227, July.
  39. Kenneth J. Arrow, 1999. "Inter-Generational Equity and the Rate of Discount in Long-Term Social Investment," International Economic Association Series, in: Murat R. Sertel (ed.), Contemporary Economic Issues, chapter 5, pages 89-102, Palgrave Macmillan.
  40. John Quiggin, 2006. "Repurchase of renewal rights: a policy option for the National Water Initiative ," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 50(3), pages 425-435, September.
  41. Liqun Liu & Andrew J. Rettenmaier & Thomas R. Saving, 2004. "A Generalized Approach to Multigeneration Project Evaluation," Southern Economic Journal, John Wiley & Sons, vol. 71(2), pages 377-396, October.
  42. Thomas Dietz & Paul C. Stern & Amy Dan, 2009. "How Deliberation Affects Stated Willingness to Pay for Mitigation of Carbon Dioxide Emissions: An Experiment," Land Economics, University of Wisconsin Press, vol. 85(2), pages 329-347.
  43. Jeff Clark & Gordon Tullock & Leon Levy, 2006. "The Poverty of Politics: How Income Redistribution Hurts the Poor," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 34(1), pages 47-62, March.
  44. Rausser, Gordon C. & Zilberman, David D., 1981. "Public research in agriculture: an alternative institutional framework," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt1b73b3jj, Department of Agricultural & Resource Economics, UC Berkeley.
  45. John C. V. Pezzey, 2002. "One-sided Unsustainability Tests and NNP Measurement with Multiple Consumption Goods," Economics and Environment Network Working Papers 0208, Australian National University, Economics and Environment Network.
  46. Ebert, Sebastian & Wei, Wei & Zhou, Xun Yu, 2020. "Weighted discounting—On group diversity, time-inconsistency, and consequences for investment," Journal of Economic Theory, Elsevier, vol. 189(C).
  47. Alessandro Lizzeri & Leeat Yariv, 2017. "Collective Self-Control," American Economic Journal: Microeconomics, American Economic Association, vol. 9(3), pages 213-244, August.
  48. Heinzel, Christoph & Winkler, Ralph, 2006. "Gradual versus structural technological change in the transition to a low-emission energy industry: How time-to-build and differing social and individual discount rates influence environmental and tec," Dresden Discussion Paper Series in Economics 09/06, Technische Universität Dresden, Faculty of Business and Economics, Department of Economics.
  49. Liu, Liqun, 2003. "A marginal cost of funds approach to multi-period public project evaluation: implications for the social discount rate," Journal of Public Economics, Elsevier, vol. 87(7-8), pages 1707-1718, August.
  50. Luke Petach, 2022. "A Tullock Index for assessing the effectiveness of redistribution," Public Choice, Springer, vol. 191(1), pages 137-159, April.
  51. Sarah Acquah & Frank A. Ward, 2017. "Optimizing Adjustments to Transboundary Water Sharing Plans: A Multi-Basin Approach," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 31(15), pages 5019-5042, December.
  52. S. Subramanian, 2006. "A sort of Paretian liberalism," The Journal of International Trade & Economic Development, Taylor & Francis Journals, vol. 15(3), pages 311-324.
  53. Hans-Werner Sinn, 2000. "Why a Funded Pension System is Useful and Why It is Not Useful," NBER Working Papers 7592, National Bureau of Economic Research, Inc.
  54. Uyanık, Metin & Khan, M. Ali, 2019. "On the consistency and the decisiveness of the double-minded decision-maker," Economics Letters, Elsevier, vol. 185(C).
  55. E Kula, 1981. "Future Generations and Discounting Rules in Public Sector Investment Appraisal," Environment and Planning A, , vol. 13(7), pages 899-910, July.
  56. Gonzalez, Francisco M. & Lazkano, Itziar & Smulders, Sjak A., 2018. "Intergenerational altruism with future bias," Journal of Economic Theory, Elsevier, vol. 178(C), pages 436-454.
  57. Angelina L�zaro Alqu�zar & Bego�a �lvarez Farizo, 2006. "Prioritisation of patients on waiting lists: a community workshop approach," Documentos de Trabajo dt2006-08, Facultad de Ciencias Económicas y Empresariales, Universidad de Zaragoza.
  58. Richard B. Howarth, 1996. "Climate Change And Overlapping Generations," Contemporary Economic Policy, Western Economic Association International, vol. 14(4), pages 100-111, October.
  59. Moser, Christian & Olea de Souza e Silva, Pedro, 2019. "Optimal Paternalistic Savings Policies," MPRA Paper 95383, University Library of Munich, Germany.
  60. Kirby, Michael G. & Blyth, Michael J., 1987. "Economic Aspects Of Land Degradation In Australia," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 31(2), pages 1-21, August.
  61. Nijkamp, P., 1985. "Equity and efficiency in environmental policy analyses : separability versus inseparability," Serie Research Memoranda 0004, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics.
  62. S. Brown, 1987. "The fairness of discounting: A majority rule approach," Public Choice, Springer, vol. 55(3), pages 215-226, October.
  63. Begoña Álvarez-Farizo & Nick Hanley, 2006. "Improving the Process of Valuing Non-Market Benefits: Combining Citizens’ Juries with Choice Modelling," Land Economics, University of Wisconsin Press, vol. 82(3), pages 465-478.
  64. Lawrence H. Goulder & Ian W. H. Parry, 2008. "Instrument Choice in Environmental Policy," Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 2(2), pages 152-174, Summer.
  65. Sumaila, Ussif R. & Walters, Carl, 2005. "Intergenerational discounting: a new intuitive approach," Ecological Economics, Elsevier, vol. 52(2), pages 135-142, January.
  66. Katrina Forrester, 2018. "The problem of the future in postwar Anglo-American political philosophy," Climatic Change, Springer, vol. 151(1), pages 55-66, November.
  67. John H. Noble JR, 1977. "The Limits of Cost-Benefit Analysis as a Guide to Priority-Setting in Rehabilitation," Evaluation Review, , vol. 1(3), pages 347-380, August.
  68. Nathaniel Beck, 1978. "Social choice and economic growth," Public Choice, Springer, vol. 33(2), pages 33-48, September.
  69. Gabay, Daniel & Grasselli, Martino, 2012. "Fair demographic risk sharing in defined contribution pension systems," Journal of Economic Dynamics and Control, Elsevier, vol. 36(4), pages 657-669.
  70. Fisher, Brian S. & Thorpe, Sally, 1990. "Issues In Resource Management," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 34(2), pages 1-16, August.
  71. Andrew Caplin & John Leahy, 2004. "The Social Discount Rate," Journal of Political Economy, University of Chicago Press, vol. 112(6), pages 1257-1268, December.
  72. Pezzey, John C.V., 2001. "Optimality, Hartwick’s Rule, and Instruments of Sustainability Policy and Environmental Policy," 2001 Conference (45th), January 23-25, 2001, Adelaide, Australia 125833, Australian Agricultural and Resource Economics Society.
  73. Davidson, Marc D., 2014. "Zero discounting can compensate future generations for climate damage," Ecological Economics, Elsevier, vol. 105(C), pages 40-47.
  74. Padilla, Emilio, 2002. "Intergenerational equity and sustainability," Ecological Economics, Elsevier, vol. 41(1), pages 69-83, April.
  75. Pedro Garcia Duarte, 2013. "A Path Through the Wilderness: Time Discounting in Growth Models," Working Papers, Department of Economics 2013_18, University of São Paulo (FEA-USP).
  76. Gijsbers, D. & Nijkamp, P., 1986. "A varying social rate of discount : review of arguments," Serie Research Memoranda 0041, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics.
  77. John F. Johnston, 1975. "Utility Interdependence and Redistribution: Methodological Implications for Welfare Economics and the Theory of the Public Household," Public Finance Review, , vol. 3(3), pages 195-228, July.
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