The Sum of Discounted Consumption Flows Method
Equity with Efficiency
Bibliographic Data
| ID | 4142808 |
|---|---|
| Authors | Colin Price (0000-0002-1387-7632, University College of the North, corresponding author) |
| Year | 1984 |
| Volume | 16 |
| Issue | 6 |
| Pages | 829-833 |
| Publication date | 1984-06-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Environment and Planning A Economy and Space (JOURNAL) |
| Journal identifiers | ISSN: 0308-518X • E-ISSN: 1472-3409 |
| Publisher | SAGE Publications Inc (PUBLISHER) |
| DOI | 10.1068/a160829 |
| OpenAlex | W2026306052 |
| Language | EN |
| Citations received | 2 |
| References cited | 6 |
Kula's sum of discounted consumption flows method of investment appraisal may produce perplexing results in application; in some cases it does not produce the intended intergenerational equity. A modification to avoid these problems leads to inefficient allocation of consumption over time, without eliminating inequity. Examination of the basis of discounting suggests that, insofar as it is justifiable, it should be applied conventionally to reflect diminishing marginal utility of consumption as in the net present value criterion
Discounting · Econometrics · Economics · Marginal utility · Marginal value · Microeconomics · Present value · Statistics · Climate Change Policy and Economics · Economic theories and models · Fiscal Policy and Economic Growth · Mathematics · Finance
Social discounting and the distribution of project benefits
An Evaluation of Cost‐benefit Analysis Criteria
Discount Factors for Public Sector Investment Projects Using the Sum of Discounted Consumption Flows-Estimates for the United Kingdom
Future Generations and Discounting Rules in Public Sector Investment Appraisal
| Unique citing works | 2 |
|---|---|
| Citations per year | 0,05 |
| Citation span | 1984 - 1985 (2) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 2 |