Aggregation of Discount Rates: an Equilibrium Approach - HAL-SHS - Sciences de l'Homme et de la Société Accéder directement au contenu
Pré-Publication, Document De Travail Année : 2008

Aggregation of Discount Rates: an Equilibrium Approach

Clotilde Napp

Résumé

We address the problem of a social planner who, as in Weitzman (2001), gathers data on experts' discount rates and wants to infer the socially efficient consumption discount rate. We propose an 'equilibrium approach' and we analyse the expression and the properties of the resulting 'equilibrium discount rate'. We compare our expression for the discount rate with the different expressions that have been previously proposed in the literature. We analyse the impact of shifts in the distributions of experts discount rates. Finally, we apply our approach to Weitzman (2001)'s data to propose discount rates for public sector Cost-Benefit Analysis, in particular for the long term.
Fichier principal
Vignette du fichier
how.pdf (297.27 Ko) Télécharger le fichier
Origine : Fichiers produits par l'(les) auteur(s)

Dates et versions

halshs-00394035 , version 1 (10-06-2009)
halshs-00394035 , version 2 (02-06-2010)

Identifiants

  • HAL Id : halshs-00394035 , version 2

Citer

Elyès Jouini, Clotilde Napp. Aggregation of Discount Rates: an Equilibrium Approach. 2008. ⟨halshs-00394035v2⟩
163 Consultations
209 Téléchargements

Partager

Gmail Facebook X LinkedIn More