social opportunity cost

This paper is a contribution to the understanding and development of social discounting regimes. It addresses three implications of how public funding differs from private financing by debt and equity, then examines US Federal and United Kingdom central government conventions, and also illustrates the difficulties of establishing and maintaining analytically rigorous social discounting procedures in practice. Read more

This paper addresses enduring misunderstandings about ‘social opportunity cost’ versus ‘social time preference’ discounting. Read more

A substantial literature of social discounting has now extended over more than 50 years, but practical approaches in developed economies... Read more