arrow checkmark code cross email facebook magnifier pdf phone plus twitter user youtube


Publicado en: Documento de trabajo

The Effect of a Constant or a Declining Discount Rate on Optimal Investment Timing

Gonzalo Edwards.

Documento de Trabajo IE-PUC, N° 227, 2002.

Abstract: This paper shows that exponential discounting may have anadvancing effect on the timing of investment, not captured bysensitivity analysis carried out for the complete range of instantaneous discount rates implicit in declining discounting.

Keywords: Declining discounting, exponential discounting, hyperbolic discounting, investment timing, project evaluation
JEL: D90, H43.


Descargar documento