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The discounting premium puzzle: survey evidence from professional economists

Abstract:

We survey the attitude towards the risk-adjustment of efficient discount rates among the economics profession. Three-fourth of our respondents recommend adjusting discount rates to the risk profile of the project under scrutiny, in clear opposition to the standard practice of using a single discount rate in most public administrations around the world. For example, on average, respondents recommend using a larger discount rate for railway infrastructures than for hospitals and climate mitigat...

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Publication status:
Published

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Publication website:
https://www.economics.ox.ac.uk/publication/1266707/hyrax

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Institution:
University of Oxford
Division:
SSD
Department:
Economics
Oxford college:
New College
Role:
Author
Publisher:
University of Oxford Publisher's website
Series:
Department of Economics Discussion Paper Series
Place of publication:
Oxford
Publication date:
2022-06-30
ISSN:
1471-0498
Paper number:
976
Language:
English
Keywords:
Pubs id:
1266707
Local pid:
pubs:1266707
Deposit date:
2022-07-06

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