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| Author: | Harrison, G. W. Lau, M. I. Williams, M. B. |
| Title: | Estimating individual discount rates in Denmark: A field experiment |
| Journal: | American Economic Review
2002 : DEC, VOL. 92:5, p. 1606-1617 |
| Index terms: | COST BENEFIT ANALYSIS DISCOUNT RATE DENMARK |
| Language: | eng |
| Abstract: | Discount rates are often used in cost-benefit analysis. Whenever costs and benefits for a household or individual are spread over time, it is essential that one calculate present-value equivalents in order to undertake meaningful comparisons. The authors use survey questions with real monetary rewards to elicit individual discount rates and demonstrate the methodological complementarity between lab and field experiments. |
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