Groom, Ben and Koundouri, Phoebe and Panopoulou, Ekaterini and Pantelidis, Theologos
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.
||Working paper series N147/01/05
||Long-run discounting, state-space models, regime-switching models, climate change policy, nuclear build
||Social Sciences > Economics, Finance & Accounting
Ms Sandra Doherty
||17 Feb 2005
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