Lee, Jamie; McKitrick, Ross; Stengos, Thanasēs - In: Review of Economic Analysis : REA 15 (2023) 2, pp. 85-95
The Ramsey (1928) equation decomposes the real discount rate into the pure rate of time preference plus a term that … Benefit Analysis sometimes refer to variations induced by alternative values of the pure rate of time preference as if the two … the discount rate, depends on the rate of time preference. Hence the discount rate depends on time preference through the …