The social discount rate and the cost of public funds: a search for more consistency and better practice
Michael Spackman
Journal of Environmental Economics and Policy, 2024, vol. 13, issue 2, 228-242
Abstract:
Three, mutually inconsistent approaches to social discounting and the cost of public funds have persisted for fifty years. All have distinguished academic support. All present problems of concept and/or application. This leads to a global loss of cost effectiveness in public spending and regulation. This essay reviews the issues and offers a practitioner’s view on what limited but realistic potential there may be for more consistency and better practice.
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:taf:teepxx:v:13:y:2024:i:2:p:228-242
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DOI: 10.1080/21606544.2023.2236062
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