NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

The Rate of Discount for Benefit-Cost Analysis and Theory of the Second Best

Joseph E. Stiglitz

NBER Reprint No. 393
Issued in July 1983
NBER Program(s):PE

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Published: Stiglitz, Joseph E. "The Rate of Discount for Benefit-Cost Analysis in the Theory of the Second Best." Discounting for Time and Risk in Energy Policy,edited by F.R. Ruskin, pp. 151-204. Baltimore: The John Hopkins University Press, (1982).

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