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The Derivation of Discount Rates with an Augmented Measure of Income.

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NBER2016-08-01 更新2025-01-04 收录
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Most developed economies invest in public goods such as national defense, education, infrastructure, and the environment. Expenditures on public projects entail a diversion of funds away from investments in private capital. Discount rates used to evaluate such projects should reflect the rate of

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2016-08-01
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