| Authors |
Groom, B., Koundouri, P., Panopoulou, E. and Pantelidis, T. |
| Title |
Declining Discount Rates: Evidence from the UK |
| Abstract |
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 nuclear build. |
| Creation Date |
2005-12-30 |
| Keywords |
long-run discounting; state-space models; regime-switching models; climate change policy; nuclear build |
| Classification JEL |
C13, C53, Q2, Q4 |
| File |
Declining.Discount.Rates.UK.pdf (688254 bytes) |
| File-Function |
First version |
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Copyright © 2009 [D.I.E.S.S. A.U.E.B.]. All rights reserved.
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