Publications


Social discounting and the equity premium

Working paper by Michael Spackman on 28 Apr 2021

This paper assembles a picture of the evolving research on and understanding of the equity premium and the issues it covers reinforce other arguments for discounting over time at a social time preference rate in climate change analysis.


Social discounting and the cost of public funding in practice

Working paper by Michael Spackman on 28 Apr 2021

This paper is a contribution to the understanding and development of social discounting regimes. It addresses three implications of how public funding differs from private financing by debt and equity, then examines US Federal and United Kingdom central government conventions, and also illustrates the difficulties of establishing and maintaining analytically rigorous social discounting procedures in practice.




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 »