| Description |
1 online resource |
|
data file |
| Physical Medium |
polychrome |
| Series |
Book collections on Project MUSE.
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UPCC book collections on Project MUSE. Political Science and Policy Studies Supplement.
|
| Bibliography |
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. |
| Summary |
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. |
| Local Note |
eBooks on EBSCOhost EBSCO eBook Subscription Academic Collection - North America |
| Subject |
Discount.
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Discount. |
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Investments -- Social aspects.
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Investments -- Social aspects. |
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BUSINESS & ECONOMICS -- Interest. |
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Investments. |
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POLITICAL SCIENCE -- Public Policy -- Economic Policy. |
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discount rate. |
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consumption. |
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econometrics. |
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economic indicator. |
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economic growth. |
| Genre/Form |
Electronic books.
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Electronic books.
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| Other Form: |
Print version: Gollier, Christian. Pricing the planet's future. Princeton : Princeton University Press, ©2013 9780691148762 (DLC) 2012017060 (OCoLC)792880974 |
| ISBN |
9781400845408 (electronic book) |
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1400845408 (electronic book) |
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9780691148762 |
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0691148767 |
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