In the cost-benefit analysis (CBA), the declining discount rate (DDR) certainly allows to assign the right weight for the long-term effects of investment projects. The DDR gives the opportunity to properly evaluate projects for sustainable development in the water and energy sectors. The estimation model of the DDR based on probabilistic logic solves the problem of the excessive contraction of the project cash flows that occur in temporal instants that are distant from the evaluation one.

Estimating the Declining Discount Rate for the Economic Evaluation of Projects in the Energy and Water Sectors

Nesticò, Antonio
;
Maselli, Gabriella
2020-01-01

Abstract

In the cost-benefit analysis (CBA), the declining discount rate (DDR) certainly allows to assign the right weight for the long-term effects of investment projects. The DDR gives the opportunity to properly evaluate projects for sustainable development in the water and energy sectors. The estimation model of the DDR based on probabilistic logic solves the problem of the excessive contraction of the project cash flows that occur in temporal instants that are distant from the evaluation one.
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11386/4744894
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