About this document
Understanding Discounting in Economics by Ruth Chiah is a document available to read on EtoBox.
This document discusses discounting and time preferences in the context of cost-benefit analysis for policymaking. It explains that discounting involves assigning present values to future costs and benefits to account for time preferences where people generally prefer benefits in the present over the future. There is debate around whether and how much to discount future public benefits when evaluating long-term government projects and policies. While mainstream economics supports discounting based on indivi
- Author
- Ruth Chiah
- Language
- EN