Declining Discount Rates: Evidence from the UK
Groom, Ben and Koundouri, Phoebe and Panopoulou, Ekaterini and Pantelidis, Theologos (2005) Declining Discount Rates: Evidence from the UK. .
We estimate schedules of declining discount rates for cost benefit analysis in the UK. We highlight the importance of model selection for this task and hence for the evaluation of long-term investments, namely climate change prevention and uuclear build.
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