The Consumption Rate of Interest and the Numbers Effect    

Public Finance / Finances Publiques, Vol. 47(3), 1992, pp. 367-377

Posted: 7 Nov 2018

Date Written: 1992

Abstract

This paper explores how the number of people affected can influence the determination of the Consumption Rate of Interest (CRI). To date the current literature has focused only on numbers in an intergenerational context, via concern with population size. These papers are summarized showing the commonality of the various approaches. From there, the role of numbers in an intragenerational setting is developed. The main result is that the "numbers effect" proper (the number of uncompensated osers from a project) raises the value of the CRI. 

Suggested Citation

Brent, Robert J, The Consumption Rate of Interest and the Numbers Effect     (1992). Public Finance / Finances Publiques, Vol. 47(3), 1992, pp. 367-377, Available at SSRN: https://ssrn.com/abstract=3279624

Robert J Brent (Contact Author)

Fordham University ( email )

Department of Economics
441 E Fordham Road
Bronx, NY 10458
United States
718 817 4058 (Phone)

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