Moore, Mark A.; Boardman, Anthony E.; Vining, Aidan R.; … - In: Journal of Policy Analysis and Management 23 (2004) 4, pp. 789-812
A major reason the quality of cost-benefit analysis (CBA) varies widely is inconsistent use of the social discount rate (SDR). This article offers guidance about the choice of the SDR. Namely, we recommend the following procedures: If the project is intragenerational (does not have effects...