Pricing the Planet's Future : The Economics of Discounting in an Uncertain World
Christian. Gollier
Bok Engelsk 2012 · Electronic books.
| Annen tittel | |
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| Utgitt | Princeton : : Princeton University Press, , 2012.
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| Omfang | 1 online resource (245 p.)
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| Opplysninger | Description based upon print version of record.. - Cover; Title Page; Copyright Page; Table of Contents; Preface; Introduction; Part I: The Simple Economics of Discounting; 1: Three Ways to Determine the Discount Rate; 2: The Ramsey Rule; 3: Extending the Ramsey Rule to an Uncertain Economic Growth; Part II: The Term Structure of Discount Rates; 4: Random Walk and Mean-Reversion; 5: Markov Switches and Extreme Events; 6: Parametric Uncertainty and Fat Tails; 7: The Weitzman Argument; 8: A Theory of the Decreasing Term Structure of Discount Rates; Part III: Extensions; 9: Inequalities; 10: Discounting Non-monetary Benefits. - 11: Alternative Decision CriteriaPart IV: Evaluation of Risky and Uncertain Projects; 12: Evaluation of Risky Projects; 13: The Option Value of Uncertain Projects; 14: Evaluation of Non-marginal Projects; Global Conclusion; Index. - Our path of economic development has generated a growing list of environmental problems including the disposal of nuclear waste, exhaustion of natural resources, loss of biodiversity, climate change, and polluted land, air, and water. All these environmental problems raise the crucial challenge of determining what we should and should not do for future generations. It is also central to other policy debates, including, for example, the appropriate level of public debt, investment in public infrastructure, investment in education, and the level of funding for pension benefits and for researc
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| Emner | |
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| ISBN | 9780691148762
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