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.
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