Pricing the Planet's Future : : The Economics of Discounting in an Uncertain World / / Christian Gollier.

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 d...

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Bibliographic Details
Superior document:Title is part of eBook package: De Gruyter Princeton University Press eBook-Package Backlist 2000-2013
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Place / Publishing House:Princeton, NJ : : Princeton University Press, , [2012]
©2013
Year of Publication:2012
Edition:Core Textbook
Language:English
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Physical Description:1 online resource (248 p.) :; 27 line illus. 10 tables.
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Table of Contents:
  • Frontmatter
  • 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 Criteria
  • Part 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