Discounting and Fiscal Constraints: Why Discounting Is Always Right
CENTER FOR NAVAL ANALYSES ALEXANDRIA VA INST OF NAVAL STUDIES
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In a recent article Rolf Clark says, Instead of wondering whether defense managers should discount future costs, one should ask, Are defense managers fiscally constrained He concludes that under the existing institutional arrangements defense managers should not discount. In this paper the author argues that, even under the existing institutional arrangements, they most certainly should discount.
- Administration and Management
- Economics and Cost Analysis