THE PUBLIC DISCOUNT RATE
Authors : Yaşar M. Geyikdaği, Necla V. Geyikdaği
Pages : 57-63
View : 8 | Download : 5
Publication Date : 1984-01-01
Article Type : Research
Abstract :Previous studics which aimed at finding a public discount rate based on the opportunity cost concept and using the before - tax rate of retum in the pri-vate sector have not taken into account social costs and the risk premium difference betvveen the public and private sectors. This paper strives to remedy this deficiency b> incorporating into the process the be-nefits that the private sector derives from the government plus the risk premium difference bet-vveen the public and private discount rates.Keywords : THE PUBLIC DISCOUNT RATE, economics