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Author:Rowse, J.
Title:Discount rate selection and efficiency in allocating a nonrenewable resource
Journal:Schweizerische Zeitschrift für Volkswirtschaft und Statistik
1991 : VOL. 127:2, p. 245-265
Index terms:RENEWABLE RESOURCES
DISCOUNT RATE
Language:eng
Abstract:Discount rate is critically important for determining the efficient allocation of a nonrenewable resource. The article takes up the problem of how much loss is caused by using a discount rate different from the so called social discount rate. The problem is analysed on a multiperiod, multitechnology optimization model for allocating Canadian natural gas to domestic and export markets.
SCIMA record nr: 99405
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