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Comment on Burgess and Zerbe: On Bank Market Power and the Social Discount Rate
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Per-Olov Johansson
Published/Copyright:
August 25, 2011
In this note we discuss how to estimate the social discount rate when banks have market power. Some data from Sweden are used to illustrate the approach. If other investments are crowded out, the implied social discount rate is around 7 percent, i.e. more or less equal to the one suggested by Burgess and Zerbe (2011) for the U.S. but similar to those often used in the EU (3-4 percent) if private consumption is crowded out by the considered investment.
Published Online: 2011-8-25
©2011 Walter de Gruyter GmbH & Co. KG, Berlin/Boston
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Articles in the same Issue
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- Risk Heterogeneity and the Value of Reducing Fatal Risks: Further Market-Based Evidence
- The Combination of Lab and Field Experiments for Benefit-Cost Analysis
- Benefit-Cost Analysis with Local Residents' Stated Preference Information: A Study of Non-Motorized Transport Investments in Pune, India
- Valuing the Benefit for Cancer Patients of Receiving Blood Transfusions at Home
- Principles and Standards
- Towards Principles and Standards for the Benefit-Cost Analysis of Safety
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- Comment on Burgess and Zerbe's "Appropriate Discounting for Benefit-Cost Analysis"
- Calculating the Social Opportunity Cost Discount Rate
