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This report estimates the "social rate of time preference" (SRTP) for New Zealand public policy appraisal using a Ramsey equation. It uses the Weitzman (1998) method to derive a declining discount rate schedule of 2% (real) for years 1-30, 1.5% for years 31-100, and 1% for years 101 on. The...
Persistent link: https://www.econbiz.de/10015192267
discounting, this manuscript compares the adjustment of data to six different discount functions. To do this, the analysis is …
Persistent link: https://www.econbiz.de/10012822027
show that the assumption of positive discounting is not always true. The presented experimental study shows how a decrease … in probability increases the chances of negative discounting. According to the results, the expected large, uncertain … in the frequency of negative discounting due to increased uncertainty. The results of the study broaden the existing …
Persistent link: https://www.econbiz.de/10012821522
The Ramsey (1928) equation decomposes the real discount rate into the pure rate of time preference plus a term that accounts for the changing marginal utility of consumption. Discussions about the appropriate discount rate to apply in Cost Benefit Analysis sometimes refer to variations induced...
Persistent link: https://www.econbiz.de/10014310245
weakens the final theory. Similarly, the risk premium category is not theoretically perfect. The fundamental shortcoming is … that the theory of the discount rate does not relate to fundamental knowledge of capital and the natural rate of its … potential growth of capital; a = 0.08 [1/year] as the main component. It is proven that the theory of the discount rate is …
Persistent link: https://www.econbiz.de/10014335923
This paper highlights the moderating effect of retailer CSR perception and CSR contribution type on the relationship between advertised reference price (ARP) and consumer evaluations. A two-by-three between-subjects factorial design is employed with the manipulation of ARP and CSR contribution...
Persistent link: https://www.econbiz.de/10012817828
Background: What are the cumulative influences of pricing, promotions of commodities, order size-based discount opportunities, and alternative warehousing scenarios on effective decision-making concerning inventory management? It is observed that the prices and promotion of products influence...
Persistent link: https://www.econbiz.de/10014454503
is characterized by envy-guilt asymmetry in discounting with respect to future generations' utility: Higher utility than …
Persistent link: https://www.econbiz.de/10014475252
A modern effective business model involves the use of an appropriate pricing strategy. However, what matters is not only short-term profitability but also the long-term loyalty of clients. The main purpose of this paper is to present a specific transactional pricing strategy for a second-hand...
Persistent link: https://www.econbiz.de/10012264532
In the last decade Demand Response (DR) programs have been influencing loads' profiles of electric users who participate in these programs. The evolution of the simulations able to study them brought to the possibility of defining new models that can consider power consumption profiles for...
Persistent link: https://www.econbiz.de/10012176592