The Social Discount Rate: A Baseline Approach

James Broughel
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James Broughel: Mercury Publication

No 6956, Working Papers from George Mason University, Mercatus Center

Abstract: Economists discount future benefit and cost flows for a variety of reasons, including time preference, diminishing marginal utility of consumption, opportunity cost of capital, and risk aversion. Many of these rationales for discounting can be explained u

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Date: 2017-01-11
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