An examination of the discount rate

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dc.contributor.authorZurita, F
dc.date.accessioned2024-01-10T14:22:30Z
dc.date.available2024-01-10T14:22:30Z
dc.date.issued2005
dc.description.abstractThe choice of an appropriate discount rate is of major importance in cost-benefit analysis both, at the private and at the social levels. The theories that rationalize. the NPV criterion also identify the appropriate rate. However, the question remains as to what should be done when the environment where the project is under appraisal does not accommodate well to the one described by the theory. This essay puts forward the idea that generally speaking, when there is no obvious rate to pick the NPV criterion lacks normative value.
dc.format.extent25 páginas
dc.fuente.origenWOS
dc.identifier.issn0041-3011
dc.identifier.urihttps://repositorio.uc.cl/handle/11534/79946
dc.identifier.wosidWOS:000228423500002
dc.information.autorucFacultad de Economía y Administración; Zurita Lillo, Felipe; S/I; 100399
dc.issue.numero286
dc.language.isoes
dc.nota.accesoSin adjunto
dc.pagina.final281
dc.pagina.inicio257
dc.publisherFONDO CULTURA ECONOMICA
dc.revistaTRIMESTRE ECONOMICO
dc.rightsregistro bibliográfico
dc.subjectCOST-BENEFIT-ANALYSIS
dc.subjectEQUILIBRIUM
dc.subjectINVESTMENT
dc.subjectMARKET
dc.subjectRISK
dc.subject.ods08 Decent Work and Economic Growth
dc.subject.odspa08 Trabajo decente y crecimiento económico
dc.titleAn examination of the discount rate
dc.typeartículo
dc.volumen72
sipa.codpersvinculados100399
sipa.indexWOS
sipa.trazabilidadCarga SIPA;09-01-2024
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