THE PUBLIC DISCOUNT RATE
Authors : Yaşar M GEYİKDAĞI, Necla V GEYİKDAĞI
Pages : 57-63
View : 37 | Download : 11
Publication Date : 1984-01-01
Article Type : Research Paper
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
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