Taux d’actualisation et rémunération du capital

Christian Gollier ()

Revue française d'économie, 2015, vol. Volume XXX, issue 4, 3-15

Abstract: The recent literature provides arguments in favor of taking better account of the distant future in the evaluation of investments. This justifies using a smaller rate to discount long-term costs and benefits of public investments. However, in a decentralized economy in which the operators undertaking these investments face capital costs that are determined by financial markets, these arguments are useless to determine the remuneration of these capital costs.

Date: 2015
References: Add references at CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://www.cairn.info/load_pdf.php?ID_ARTICLE=RFE_154_0003 (application/pdf)
http://www.cairn.info/revue-francaise-d-economie-2015-4-page-3.htm (text/html)
free

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cai:rferfe:rfe_154_0003

Access Statistics for this article

More articles in Revue française d'économie from Presses de Sciences-Po
Bibliographic data for series maintained by Jean-Baptiste de Vathaire ().