Declining discount rates

We ask whether the US government should replace its current discounting practices with a declining discount rate schedule, as the United Kingdom and France have done, or continue to discount the future at a constant exponential rate. We present the theoretical basis for a declining discount rate (DD...

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Bibliographic Details
Main Authors: Maureen L. Cropper, Mark Freeman, Ben Groom, William A. Pizer
Format: Default Article
Published: 2014
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