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Public Choice

, Volume 179, Issue 1–2, pp 165–167 | Cite as

Remembering Kenneth Arrow: discount rates

  • Kenneth A. ShepsleEmail author
Article

Abstract

This remembrance of Kenneth Arrow describes his contribution to the consideration of social discount rates applied to intertemporal flows of costs and benefits.

Keywords

Kenneth Arrow Remembrance Discount rate 

References

  1. Arrow, K. J. (1971). Essays in the theory of risk-bearing. Chicago, IL: Markham.Google Scholar
  2. Arrow, K. J., & Lind, R. C. (1970). Uncertainty and the evaluation of public investments. American Economic Review, 60, 364–378.Google Scholar
  3. McKean, R. M. (1958). Efficiency in government through systems analysis. New York, NY: Wiley.Google Scholar
  4. Shepsle, K. A. (1972). The strategy of ambiguity: Uncertainty and electoral competition. American Political Science Review, 66, 555–569.CrossRefGoogle Scholar
  5. Shepsle, K. A. (1978). Risk and the discount rate for investments yielding public goods: The Arrow–Lind theorem reconsidered. In Gordon Tullock & Richard E. Wagner (Eds.), Policy analysis and deductive reasoning (pp. 167–179). Lexington, MA: Lexington Books.Google Scholar

Copyright information

© Springer Science+Business Media, LLC, part of Springer Nature 2018

Authors and Affiliations

  1. 1.Harvard UniversityCambridgeUSA

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