Discounting compensation for injuries.

  • Carter Price
  • Published 2000 in
    Risk analysis : an official publication of the…

Abstract

The reasons commonly given for discounting future costs and benefits are doubtfully applicable to future injuries: in particular, time preference justifies neither inter- nor intragenerational discounting. The cost of future injuries could be discounted on grounds that a smaller sum, invested at interest, is needed to pay a given level of ex post monetary… (More)

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