The Shadow Price of Capital: Accounting for Capital Displacement in Cost Benefit Analysis
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下载链接：
https://www.nber.org/papers/w31526
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资源简介：
Government analysts have long used discount rates based on investment rates of return to approximate the effect of capital displacement. However, we show how this approach is not well grounded in economic theory and produces highly biased results, particularly in the context of decisions involving
提供机构：
美国国家经济研究局
创建时间：
2023-08-01
