Valuing future benefits.

  title={Valuing future benefits.},
  author={John Cairns},
  journal={Health economics},
  volume={3 4},
This paper reports the results of a study of time preference amongst the general public in the Grampian region of Scotland. The subjects, who were selected randomly from the electoral roll, were offered a series of intertemporal choices. Their responses were used to calculate private financial time preference rates, social non-monetary time preference rates and social financial time preference rates. The paper investigates the relationship between these three measures of time preference in both… CONTINUE READING

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