Social Discounting and the Long Rate of Interest
- Submitting institution
-
Goldsmiths' College
- Unit of assessment
- 11 - Computer Science and Informatics
- Output identifier
- 2267
- Type
- D - Journal article
- DOI
-
10.1111/mafi.12122
- Title of journal
- Mathematical Finance
- Article number
- -
- First page
- 306
- Volume
- 28
- Issue
- 1
- ISSN
- 0960-1627
- Open access status
- Out of scope for open access requirements
- Month of publication
- January
- Year of publication
- 2016
- URL
-
http://research.gold.ac.uk/id/eprint/24509/
- Supplementary information
-
-
- Request cross-referral to
- -
- Output has been delayed by COVID-19
- No
- COVID-19 affected output statement
- -
- Forensic science
- No
- Criminology
- No
- Interdisciplinary
- No
- Number of additional authors
-
1
- Research group(s)
-
-
- Citation count
- 5
- Proposed double-weighted
- No
- Reserve for an output with double weighting
- No
- Additional information
- This article is significant because it has nontrivial implications for social policy. A rigorous foundation is established for so-called social discounting, the method used by the UK treasury for assessing the benefits of long-term social projects, such as those concerned with climate change, sustainable energy, and development of the healthcare-industry infrastructure. The methods are also relevant to the valuation of pension funds. The paper has been presented at the Third WBS Interest Rate Conference, London (March 2014), the Casablanca Stock Exchange (April 2014), and the Eighth World Congress of the Bachelier Finance Society, Brussels (June 2014), and numerous other venues.
- Author contribution statement
- -
- Non-English
- No
- English abstract
- -