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A Difficulty in the Concept of a Social Discount Rate
- Source :
- SSRN Electronic Journal.
- Publication Year :
- 2003
- Publisher :
- Elsevier BV, 2003.
-
Abstract
- It is shown that the use of a social discount rate to evaluate a (public) project is incompatible with the Pareto principle and a condition of consumer sovereignty.
Details
- ISSN :
- 15565068
- Database :
- OpenAIRE
- Journal :
- SSRN Electronic Journal
- Accession number :
- edsair.doi...........c0dcfa719571c634347ed8ad1c3b3da8