Starting from the literature on decision processes in public choices, aim of the paper is to suggest an integrated methodology to get a choice as much as possible shared and participated joining two different approaches. On one hand there is the "classic" or top-down approach based on...

The aim of this paper is to present an alternative methodology for discounting far distant future externalities genereted by an investment project: time-declining discount rates. First I present the experimental evidence on individuals' time-inconsistency. Second I consider the theoretical...