Pricing the planet's future
Subtitle: the economics of discounting in an uncertain world
By: Christian Gollier
Publisher: Princeton University Press
Published: 2013
Place of publication: Princeton
Language: eng
Number of pages: 252
ISBN-13: 9780691148762
Subjects: Social aspects; Discount; Investments
Description: ix, 232 p. : 24 cm
Notes: Includes bibliographical references and index.
Table of contents: title: Three ways to determine the discount rate; title: The Ramsey Rule; title: Extending the Ramsey Rule to an uncertain economic growth; title: Random walk and mean-reversion; title: Markov switches and extreme events; title: Parametric uncertainty and fat tails; title: The Weitzman argument; title: A theory of the decreasing term structure of discount rates; title: Inequalities; title: Discounting non-monetary benefits; title: Alternative decision criteria; title: Evaluation of risky projects; title: The option value of uncertain projects; title: Evaluation of non-marginal projects.