Pricing the planet's future: the economics of discounting in an uncertain world
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Bibliographic Details
Main Author: Gollier, Christian (Author)
Format: Electronic eBook
Language:English
Published: Princeton Princeton University Press c2013
Subjects:
Online Access:Volltext
Item Description:Includes bibliographical references and index
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
Physical Description:1 Online-Ressource
ISBN:9781400845408
1400845408
9780691148762
0691148767

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