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An attempt to define the discount rate in the light of the type of investment project

Foltyn-Zarychta, Monika - Volkswirtschaftliche Fakultät, … - 2010

The problem of estimating the discount rate level is a crucial issue in investment project appraisal procedure. The discount rate is strongly determined by the type of investment that sets the scope of decision criteria. The need to apply financial efficiency, economic efficiency or justice...

Persistent link: https://www.econbiz.de/10011108327

Time preference and health behaviour: A review

Lawless, Lydia J.R.; Nayga, Rodolfo; Drichoutis, Andreas - Volkswirtschaftliche Fakultät, … - 2013

Time preferences indicate preferences over streams of future consumption which significantly shape individual decision making including the health domain. In this paper, we review published studies to assess the influence of time preferences on human health behaviour. We first discuss the...

Persistent link: https://www.econbiz.de/10011110830

Average player traits as predictors of cooperation in a repeated prisoner's dilemma

Al-Ubaydli, Omar; Jones, Garett; Weel, Jaap - Volkswirtschaftliche Fakultät, … - 2014

consider cognitive ability, patience, risk tolerance, and the Big Five personality measures as predictors of individual and …

Persistent link: https://www.econbiz.de/10011111653

Do people care for a sustainable future? Evidence from happiness data.

Bartolini, Stefano; Sarracino, Francesco; Theis, Laurent - Volkswirtschaftliche Fakultät, … - 2014

While the various streams of environmentalism agree in claiming that the current patterns of economic activity are unsustainable for natural resources, they disagree in answering the following question: who is the responsible? Two different answers have been provided: the people or the...

Persistent link: https://www.econbiz.de/10011114438

When should the distant future not be discounted at increasing discount rates?

Szekeres, Szabolcs - Volkswirtschaftliche Fakultät, … - 2015

incorrect. When it is replaced by the correct formulation, the puzzle disappears, and risk neutral certainty equivalent rates … justification for the use of DDRs. This paper shows that Gollier and Weizmann (2009) fail to resolve the puzzle. Adding risk … aversion to Weitzman’s 1998 model to derive risk adjusted CERs cannot resolve the inconsistency between alternative methods of …

Persistent link: https://www.econbiz.de/10011240408

Governments Should Not Use Declining Discount Rates in Project Analysis

Szekeres, Szabolcs - Volkswirtschaftliche Fakultät, … - 2015

A number of governments have already adopted the policy of applying Declining Discount Rates (DDRs) to long lived projects, a move that could affect public sector investment decisions. Arguments for the use of Declining Discount Rates are based on the consideration of uncertainty, both for...

Persistent link: https://www.econbiz.de/10011240424

Impact of monetary policy on lending and deposit rates in Pakistan: Panel data analysis

Mohsin, Hasan Muhammad - Volkswirtschaftliche Fakultät, … - 2011

The study estimates impact of monetary policy (discount rate) on lending and deposit rates in Pakistan using bank type data from November 2001 to March 2011. The study finds evidence of long run relationship between lending and discount rate but deposit rate is not cointegrated with discount...

Persistent link: https://www.econbiz.de/10009294602

Climate change: discount or not? future generations don't care that much.

Belgodere, Antoine - Volkswirtschaftliche Fakultät, … - 2010

This paper proposes a new way to model the cost of climate change, based on a vintage capital modeling. Climate change destroys capital, according to the difference between the current climate and the climate that prevailed when a given durable was built. This assumption is meant to account for...

Persistent link: https://www.econbiz.de/10008765642

Patience, cognitive skill and coordination in the repeated stag hunt

Al-Ubaydli, Omar; Jones, Garett; Weel, Jaap - Volkswirtschaftliche Fakultät, … - 2010

nations. This paper investigates the relationship between personal attributes (cognitive ability, risk-aversion, patience) and … (3) risk-aversion has no bearing on any aspect of behavior or outcomes. These results are robust to controlling for …

Persistent link: https://www.econbiz.de/10008776847

Source of Cost Reduction in Solar Photovoltaics

Pillai, Unni; Cruz, Kyle - Volkswirtschaftliche Fakultät, … - 2013

The price of solar panels has fallen rapidly over the last few decades. Using an extensive dataset of prices, costs, output, sales and technical characteristics of firms in the solar industry during 2005-2011, this paper investigates the factors that have contributed to the decline in costs and...

Persistent link: https://www.econbiz.de/10011110085