| Description |
1 online resource |
| Series |
Book collections on Project MUSE
|
|
UPCC book collections on Project MUSE. Political Science and Policy Studies Supplement
|
| 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 |
| Bibliography |
Includes bibliographical references and index |
| Notes |
Print version record |
| Subject |
Discount.
|
|
Investments -- Social aspects
|
|
BUSINESS & ECONOMICS -- Interest.
|
|
POLITICAL SCIENCE -- Public Policy -- Economic Policy.
|
|
discount rate
|
|
consumption
|
|
econometrics
|
|
economic indicator
|
|
economic growth
|
|
Discount
|
|
Investments -- Social aspects
|
| Form |
Electronic book
|
| LC no. |
2012017060 |
| ISBN |
9781400845408 |
|
1400845408 |
|
