Should governments use a declining discount rate in project analysis?

Kenneth J. Arrow*, Maureen L. Cropper, Christian Gollier, Ben Groom, Geoffrey M. Heal, Richard G. Newell, William D. Nordhaus, Robert S. Pindyck, William A. Pizer, Paul R. Portney, Thomas Sterner, Richard S.J. Tol, Martin L. Weitzman

*Corresponding author for this work

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