discount rate

There is a considerable body of evidence from behavioural economics and contingent valuation showing that our preferences exhibit both reference... Read more

Nicholas Stern calls on scientists, engineers and economists to help policymakers by better modelling the immense risks to future generations, and the potential for action. Read more

This working paper finds that current policy guidance concerning social discounting and the evaluation of long-term public projects needs to be updated. Read more

Proceedings of the National Academy of Sciences of the USA. Disagreements about the value of the utility discount rate—the rate at which our concern for the welfare of future people declines with their distance from us in time—are at the heart of the debate about the appropriate intensity of climate policy. Read more