After reading Theory and Practice in Policy Analysis chapter 7 by M. Granger Morgan, Please...
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After reading Theory and Practice in Policy Analysis chapter 7 by M. Granger Morgan, Please answer the below Questions:
In what situations is simple financial discounting appropriate?
Is a real options perspective better? In what ways?
Are discount rates constant?
Should we use the same discount rate for different decisions, or are there situation-specific rates?
Are things more remote spatially similar to those that are more remote temporally: does a spatial discount rate make sense?
In general, what do you think of the applicability of discounting concepts?
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