Abstract
The chapter 13 introduces the treatment of time in project appraisal and explains the meaning of interest and discounting in the public and private sector.
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Notes
- 1.
Prescriptive: based on standards and rules. Descriptive: based on empirical findings.
- 2.
Present value is synonymous with cash value.
- 3.
In works about project appraisal it is quite usual to provide extensive tables of discount factors. This is not done here because spreadsheet programmes are so readily available.
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Gocht, M. (2020). Intertemporality. In: Ökonomische Bewertung wasserwirtschaftlicher Systeme. Wasser: Ökologie und Bewirtschaftung. Springer Vieweg, Wiesbaden. https://doi.org/10.1007/978-3-658-28372-8_13
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