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Effect of a brief intervention on respondents’ subjective perception of time and discount rates
Time discounting is a fundamental characteristic of human decision-making. In general, the literature finds that individuals with lower discount...
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Choice of Discount Rate
Up to this point, there has been no discussion of the discount rate, and the project examples have mostly employed a relatively high discount rate...
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Chapter II: Excess Volatility Beyond Discount Rates
Among the alternatives to—or possible explanations in line with—the efficient-markets hypothesis mentioned above, possibly the most widely studied...
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The Impacts of Social Discount Rate in Countries Striving for Industrialization
The social discount rate (SDR) for infrastructure policies is applied in public projects’ benefit/cost analysis and measures the rate at which a...
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Individual discount rates: a meta-analysis of experimental evidence
A key parameter estimated by lab and field experiments in economics is the individual discount rate—and the results vary widely. We examine the...
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Retail Markups and Discount-Store Entry
“Hard discounters” are retail formats that set retail food prices even lower than existing discount formats, such as Walmart and Target. Offering...
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Are risk attitude, impatience, and impulsivity related to the individual discount rate? Evidence from energy-efficient durable goods
Discounting is a manifestation of behavioral impulsivity, which is closely related to self-regulation processes. The decision-making process for...
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Swiss pension funds: funding ratio, discount rate, and asset allocation
The funding ratio is a financial indicator to measure the viability of pension funds. The paper analyzes how Swiss occupational pension funds’...
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Time on Market and the Cash Discount for Condos
We investigate whether the cash discount for condos is affected by time on market (TOM). Theoretically and empirically, we show that the cash...
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Social Discount Rate in Balance Between Intergenerational Solidarity and Economic Feasibility
Economic evaluation of public investments implies the responsibility of choosing how to use public resources to achieve maximum social well-being....
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The Philosophy of the Social Discount Rate
The degree to which generations make sustainable economic decisions depends critically on how each generation internalizes its externalities....
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Environmental Discount Rate and Energy Transition. An Application for Germany
The achievement of climate neutrality objectives must be guided by long-term policies. It is worth mentioning the projects of the European Green Deal...
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A Mire of Discount Rates: Delaying Conservation Payment Schedules in a Choice Experiment
Studies on the public’s implicit discount rate in the willingness to pay for environmental amenities have mostly employed contingent valuation...
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Social discount rate: spaces for agreement
We study the problem of aggregating discounted utility preferences into a social discounted utility preference model. We use an axiom capturing a...
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Excess Volatility in the Term Structure of Interest Rates, in Share Prices and in Eurozone Derivatives
The phenomenon of excess volatility in the context of share prices and of the term structure of interest rates has been documented by the existing...
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Examining the Cash-Only Price Discount and the Driving Forces of Cash-Only Transactions in the Housing Market
This paper investigates the effects of cash-only transactions on residential property values before, during and after the financial crisis. Using a...
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Endogenous Money, Liquidity Preference and Interest Rates
Do interest rates reflect the state of the economy, or is it rather the opposite? Why do we need interest rates in the first place? Why are there so...
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Mortgages with non-random time-varying interest rates
Here we introduce an “alternative” version of the standard traditional amortization plan, where sequences of non-random time-varying periodic...
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Low Interest Rates: Consequences and Dangers
The “exceptional measures” of expansive monetary policy have, inter alia, led to low, negative and punitive interest rates. Taking into account the...
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Inflation, Interest Rates, and Exchange Rates in Africa
This chapter discusses the performance of inflation, interest rates, and exchange rates in Africa. The approach is to look at the stylizsed facts,...