Construct · 1 fields · 1 citations

declining discount rate: a standalone construct

One name. One construct. A landmark on the map.

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decliningdiscount rate1 CONSTRUCTDeclining discount rateWEITZMAN · ENVIRONMENTAL

A single standalone construct; nearby constructs are located against it in the Collider. Tap a field for its definition, unit, and measures.

Environmental economics

the argument that when the right discount rate is uncertain, the effective rate for distant future benefits falls toward its lowest possible value.

In environmental economics, declining discount rate refers to the argument that when the right discount rate is uncertain, the effective rate for distant future benefits falls toward its lowest possible value. This meaning comes from Weitzman (1998) in Journal of Environmental Economics and Management.[1]

Unit
Recovery means
Measured by

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Nearby constructs

argument3 fields · 3 citationsjingle · one word, three constructsdiscount3 fields · 4 citationsjingle · one word, three constructsfuture3 fields · 6 citationsjingle · one word, three constructs

References

  1. Weitzman, M. L. (1998). Why the Far-Distant Future Should Be Discounted at Its Lowest Possible Rate. Journal of Environmental Economics and Management, 36(3), 201-208. https://doi.org/10.1006/jeem.1998.1052

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