Pricing the planet's future : the economics of discounting in an uncertain world /
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| Format: | eBook |
| Language: | English |
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Princeton :
Princeton University Press,
[2013]
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| Online Access: | Connect to the full text of this electronic book |
Table of 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.