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Yes, we should discount the far-distant future at its lowest possible rate : a resolution of the Weitzman-Gollier puzzle
Freeman, Mark C.
-
2010
In this paper the author proves that the Expected Net Future Value (ENFV) criterion can lead a risk neutral social planner to reject projects that increase expected utility. By contrast, the Expected Net Present Value (ENPV) rule correctly identifies the economic value of the project. While the...
Persistent link: https://www.econbiz.de/10003957019
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Yes, we should discount the far-distant future at its lowest possible rate : a resolution of the Weitzman-Gollier puzzle
Freeman, Mark C.
-
2009
In this paper the author proves that the Expected Net Future Value (ENFV) criterion can lead a risk neutral social planner to reject projects that increase expected utility. By contrast, the Expected Net Present Value (ENPV) rule correctly identifies the economic value of the project. While the...
Persistent link: https://www.econbiz.de/10003881275
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Declining discount rates
Cropper, Maureen L.
;
Freeman, Mark C.
;
Groom, Benjamin
; …
- In:
The American economic review
104
(
2014
)
5
,
pp. 538-543
Persistent link: https://www.econbiz.de/10010391601
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