Articles liés à Social Valuation of Projects (Classic Reprint): Harberger...
Social Valuation of Projects (Classic Reprint): Harberger's Social Discount Rate and the Pricing of Risky Projects - Couverture souple
Synopsis
Understand how public projects are valued in a risky, tax-influenced world. This book explains Harberger's social discount rate and how risk and taxes shape the price of public investments.
This concise volume examines how governments should price and compare public projects when private returns and tax policies distort incentives. It presents a simple valuation rule that accounts for both tax effects and project risk, offering a clear approach for policymakers and analysts.
- How the social discount rate is formed and why it matters for public decisions
- How risk, via CAPM and certainty equivalents, changes project valuation
- When and how to use adjusted present value to separate project value from financing effects
- Practical guidance for applying the method to real-world public investments
Ideal for students and professionals in public finance, policy analysis, and economics who seek a solid, applicable framework for valuing risky public projects.
Les informations fournies dans la section « Synopsis » peuvent faire référence à une autre édition de ce titre.
Autres éditions populaires du même titre
Résultats de recherche pour Social Valuation of Projects (Classic Reprint): Harberger...
Image fournie par le vendeur
Social Valuation of Projects (Classic Reprint)
impression à la demandeVendeur : Forgotten Books, London, Royaume-Uni
Évaluation du vendeur 5 sur 5 étoiles
Paperback. Etat : New. Print on Demand. This book delves into the complexities of cost-benefit analysis in public project valuation, specifically focusing on the controversial Social Discount Rate (SDR) theory pioneered by Arnold Harberger. The author critically examines the ongoing debate surrounding the appropriate discount rate for evaluating public projects, questioning the validity of Harberger's assumptions about capital market externalities and the treatment of risk in public investments. The author challenges the traditional view that the social discount rate should be a weighted average of the consumption rate of interest and the investment rate, arguing that this approach fails to adequately account for project-specific risks and the potential for distortions caused by taxation. Instead, the author proposes an alternative framework based on the Adjusted Present Value (APV) rule, which allows for a more nuanced assessment of the costs and benefits of public projects, including the impact of tax distortions and risk considerations. Through a rigorous analysis of economic theory and empirical evidence, this book sheds light on the challenges of public project valuation and offers valuable insights for policymakers, economists, and anyone interested in understanding the complexities of cost-benefit analysis. By dissecting the theoretical underpinnings of the SDR and proposing a more robust valuation framework, the author provides a compelling argument for a more sophisticated approach to public investment decisions. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. N° de réf. du vendeur 9781334047886_0
Acheter neuf
EUR 15,75
Livraison gratuite
Expédition depuis Royaume-Uni vers Etats-Unis
Expédition depuis Royaume-Uni vers Etats-Unis
Quantité disponible : Plus de 20 disponibles
Image d'archives
Social Valuation of Projects
Vendeur : PBShop.store US, Wood Dale, IL, Etats-Unis
Évaluation du vendeur 5 sur 5 étoiles
PAP. Etat : New. New Book. Shipped from UK. Established seller since 2000. N° de réf. du vendeur LW-9781334047886
Acheter neuf
EUR 25,05
Livraison gratuite
Expédition nationale : Etats-Unis
Expédition nationale : Etats-Unis
Quantité disponible : 15 disponible(s)
Image d'archives
Social Valuation of Projects
Vendeur : PBShop.store UK, Fairford, GLOS, Royaume-Uni
Évaluation du vendeur 5 sur 5 étoiles
PAP. Etat : New. New Book. Shipped from UK. Established seller since 2000. N° de réf. du vendeur LW-9781334047886
Acheter neuf
EUR 24,66
Expédition à EUR 3,84
Expédition depuis Royaume-Uni vers Etats-Unis
Expédition depuis Royaume-Uni vers Etats-Unis
Quantité disponible : 15 disponible(s)