Intergenerational Discount Rates in Long-term Plan Evaluation

Peter Nijkamp and Jan Rouwendal

Public Finance = Finances publiques, 1988, vol. 43, issue 2, 195-211

Abstract: This paper provides a new contribution to the discussion on discount rates for social cost-benefit analysis of long-term plans, with a special emphasis on intergenerational problems. First, the use of the well-known net present value is critically discussed. Attention is focused on reinvestment possibilities; especially its shortcomings in long-run plan evaluation problems. The problem of multiple generations is then discussed. An adjusted intergenerational social discount rate is suggested, and its link with the conventional discount rate is formally be derived.

Date: 1988
References: Add references at CitEc
Citations: View citations in EconPapers (7)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:pfi:pubfin:v:43:y:1988:i:2:p:195-211

Access Statistics for this article

More articles in Public Finance = Finances publiques
Bibliographic data for series maintained by Christopher F. Baum ().