How Long to Read The Choice of Discount Rate Applicable to Government Resource Use

How Long Does it Take to Read The Choice of Discount Rate Applicable to Government Resource Use?

It takes the average reader 1 hour and 17 minutes to read The Choice of Discount Rate Applicable to Government Resource Use by James P. Quirk

Assuming a reading speed of 250 words per minute. Learn more

Description

This report presents a review of theories of the social discount rate, identifying the sources of divergent views and limitations of the theories in actual application. The question of the optimal discount rate to use in evaluating government projects has been debated in the economic literature since the late 1950s. The authors suggest that the discount rate be used as a filter rather than a device to achieve the desired level of government spending. Adopting this approach implies the choice of a discount rate that is in principle computable from existing data, with government budget limits acting as an effective constraint on government investment spending. Risk, flexibility, and data manipulability are considered. The approach is based purely on efficiency grounds and this does not require information on the social rate of time preference. It does not address important equity issues, which the authors believe can be better resolved outside the framework of cost-benefit analysis. Keywords: Federal budgets; Economic analysis; Investments.

How long is The Choice of Discount Rate Applicable to Government Resource Use?

The Choice of Discount Rate Applicable to Government Resource Use by James P. Quirk is 76 pages long, and a total of 19,456 words.

This makes it 26% the length of the average book. It also has 24% more words than the average book.

How Long Does it Take to Read The Choice of Discount Rate Applicable to Government Resource Use Aloud?

The average oral reading speed is 183 words per minute. This means it takes 1 hour and 46 minutes to read The Choice of Discount Rate Applicable to Government Resource Use aloud.

What Reading Level is The Choice of Discount Rate Applicable to Government Resource Use?

The Choice of Discount Rate Applicable to Government Resource Use is suitable for students ages 8 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy The Choice of Discount Rate Applicable to Government Resource Use?

The Choice of Discount Rate Applicable to Government Resource Use by James P. Quirk is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

To buy The Choice of Discount Rate Applicable to Government Resource Use by James P. Quirk on Amazon click the button below.