REPORT: Social discount rates for CBA

Social Discount Rates in Cost Benefit Analysis of Regional Pest Management Plans: Guidance and Recommendations for the Uninitiated

July 2023

Tait, P. (2023). Social Discount Rates in Cost Benefit Analysis of Regional Pest Management Plans: Guidance and Recommendations for the Uninitiated. AERU Research Report No. 382, prepared for National Science Challenge: Biological Heritage Strategic Objective 3 – He Tangata, He Taiao, He Ōhanga: a values-based biosecurity risk assessment framework for Aotearoa. Lincoln University: Agribusiness and Economics Research Unit.

DOI: https://doi.org/10.34721/fhnr-2d98

ABSTRACT

Decisions concerning pest management frequently carry long-term consequences for the environment and human interests. This situation then leads to a pertinent question: should we value future outcomes equally with immediate ones in our current decision-making processes? This is the question of discounting.