Are seawalls correlated with lower property values in California?

Working paper by Arlan Brucal, Qingran Li, John Lynham on 3 Jul 2018

As sea levels rise with climate change there is pressure to protect the coast but while individual properties may benefit from seawalls, neighbouring properties may experience negative effects due, for example, to accelerated beach loss. This paper investigates the impacts of seawalls on property values in San Diego and Santa Cruz. read more »

Discounting and the representative median agent

Working paper by Johannes Emmerling, Ben Groom, Tanja Wettingfeld on 24 Jul 2017

Social discount rates (SDRs) are used in cost–benefit analysis to determine the present value of future costs and benefits: for example, to determine how much today’s society should invest in … read more »

Social discounting: the SOC/STP divide

Working paper by Michael Spackman on 10 Feb 2017

More than 50 years of social discounting literature have not delivered satisfactory academic guidance to government practitioners. Users of the social opportunity cost (SOC) paradigm do not always appreciate that … read more »

Appropriate time discounting in the public sector

Working paper by Michael Spackman on 15 Mar 2016

A substantial literature of social discounting has now extended over more than 50 years, but practical approaches in developed economies and international bodies continue to vary widely. This is sometimes … read more »