Pricing the planet's future : the economics of discounting in an uncertain world / Christian Gollier.

Author
Gollier, Christian [Browse]
Format
Book
Language
English
Published/​Created
Princeton [N.J.] : Princeton University Press, c2013.
Description
ix, 232 p. : ill. ; 24 cm.

Details

Subject(s)
Bibliographic references
Includes bibliographical references and index.
Contents
  • 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.
ISBN
  • 9780691148762 (hbk. : alk. paper)
  • 0691148767 (hbk. : alk. paper)
LCCN
2012017060
OCLC
792880974
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