I think we can conceptually separate those two topics, even though in practice you tend to see the two together. Where you see high discount rates you also tend to see a lot of smoothing going on because people don't like—
President and Chief Executive Officer, C.D. Howe Institute
I think we can conceptually separate those two topics, even though in practice you tend to see the two together. Where you see high discount rates you also tend to see a lot of smoothing going on because people don't like—
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