Discounting is still a highly contested element of costâbenefit analysis. From an epistemological point of view, three levels of arguments must be distinguished: the empirical, the conceptual and the ethical level. On the conceptual level, discounting turns out to be a hypothesis that has to be...

Discounting is still a highly contested element of cost–benefit analysis. From an epistemological point of view, three levels of arguments must be distinguished: the empirical, the conceptual and the ethical level. On the conceptual level, discounting turns out to be a hypothesis that has...