| Registro completo |
| Provedor de dados: |
AgEcon
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| País: |
United States
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| Título: |
Discount Rates in Risk v. Money and Money v. Money Tradeoffs
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| Autores: |
Alberini, Anna
Chiabai, Aline
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| Data: |
2006-02-09
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| Ano: |
2006
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| Palavras-chave: |
Risk and Uncertainty
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| Resumo: |
We use data from a survey of residents of five Italian cities conducted in late Spring 2004 to estimate the discount rates implicit in (a) money v. future risk reductions and (b) money v. money tradeoffs. We find that the mean personal discount rate is 2% in (a) and 8.7% in (b). The latter is lower than the discount rates estimated in comparable situations in many recent studies, greater than market interest rates in Italy at the time, and exhibits modest variation with age and gender. The discount rate implicit in money v. risk tradeoffs is in line with estimates from studies in the US and Europe, and does not depend on observable individual characteristics.
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| Tipo: |
Working or Discussion Paper
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| Idioma: |
Inglês
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| Identificador: |
19824
http://purl.umn.edu/12209
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| Editor: |
AgEcon Search
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| Relação: |
Fondazione Eni Enrico Mattei (FEEM)>Sustainability Indicators and Environmental Valuation Working Papers
SIEV Nota di Lavoro 8.2005
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| Formato: |
32
application/pdf
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