THE SOCIAL DISCOUNT RATE FOR LAND‐USE PROJECTS IN INDIA
基于跨期社会效用模型，推导出印度土地利用项目的社会贴现率为2%，消费社会边际效用弹性为-1.4，结果与文献中其他估计值可比。
The social discount rate is derived from an inter‐temporal social utility model for land‐use projects in India. The social discount rate is a function of two parameters: the elasticity of social marginal utility of consumption and the growth rate of per capita real consumption. The final results for the social discount rate and the elasticity of social marginal utility of consumption are 2 per cent and ‐1.4 respectively. These values are plausible and comparable with other estimates found in the literature.