Pricing the Planet's Future : The Economics of Discounting in an Uncertain World /

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Our path of economic development has generated a growing list of environmental problems including the disposal of nuclear waste, exhaustion of natural resources, loss of biodiversity, climate change, and polluted land, air, and water. All these environmental problems raise the crucial challenge of d...

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Detalles Bibliográficos
Autor principal: Gollier, Christian (Autor)
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Princeton : Princeton University Press, 2013.
Colección:Book collections on Project MUSE.
Temas:
Investments > Social aspects.
Discount.
economic growth
economic indicator
econometrics
consumption
discount rate
POLITICAL SCIENCE > Public Policy > Economic Policy.
BUSINESS & ECONOMICS > Interest.
Investissements > Aspect social.
Escompte.
Electronic books.
Acceso en línea:Texto completo
Tabla de Contenidos:
  • Three ways to determine the discount rate
  • The Ramsey rule
  • Extending the Ramsey rule to an uncertain economic growth
  • Random walk and mean-reversion
  • Markov switches and extreme events
  • Parametric uncertainty and fat tails
  • The Weitzman argument
  • A theory of the decreasing term structure of discount rates
  • Inequalities
  • Discounting non-monetary benefits
  • Alternative decision criteria
  • Evaluation of risky projects
  • The option value of uncertain projects
  • Evaluation of non-marginal projects.

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