Journals / Erciyes Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi / 1984 / Sayı: 6
THE PUBLIC DISCOUNT RATE
- Issue
- 1984 · Sayı: 6
- Pages
- 57–63
- DOI
- —
Özet
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.