http://www.loc.gov/mods/v3 http://www.loc.gov/standards/mods/v3/mods-3-2.xsd
the economics of discounting in an uncertain world
1 online resource (ix, 232 pages) : illustrations
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.
Includes bibliographical references and index.