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008 210830t20122013nju fo d z eng d
020 _a9780691148762
_qprint
020 _a9781400845408
_qPDF
024 7 _a10.1515/9781400845408
_2doi
035 _a(DE-B1597)9781400845408
035 _a(DE-B1597)447419
035 _a(OCoLC)979629776
040 _aDE-B1597
_beng
_cDE-B1597
_erda
050 4 _aHG1651
_b.G65 2017
072 7 _aBUS072000
_2bisacsh
082 0 4 _a332.84
_223
084 _aonline - DeGruyter
100 1 _aGollier, Christian
_eautore
245 1 0 _aPricing the Planet's Future :
_bThe Economics of Discounting in an Uncertain World /
_cChristian Gollier.
250 _aCore Textbook
264 1 _aPrinceton, NJ :
_bPrinceton University Press,
_c[2012]
264 4 _c©2013
300 _a1 online resource (248 p.) :
_b27 line illus. 10 tables.
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
347 _atext file
_bPDF
_2rda
505 0 0 _tFrontmatter --
_tContents --
_tPreface --
_tIntroduction --
_tPart I: The Simple Economics of Discounting --
_t1. Three Ways to Determine the Discount Rate --
_t2. The Ramsey Rule --
_t3. Extending the Ramsey Rule to an Uncertain Economic Growth --
_tPart II: The Term Structure of Discount Rates --
_t4. Random Walk and Mean-Reversion --
_t5. Markov Switches and Extreme Events --
_t6. Parametric Uncertainty and Fat Tails --
_t7. The Weitzman Argument --
_t8. A Theory of the Decreasing Term Structure of Discount Rates --
_tPart III: Extensions --
_t9. Inequalities --
_t10. Discounting Non-monetary Benefits --
_t11. Alternative Decision Criteria --
_tPart IV: Evaluation of Risky and Uncertain Projects --
_t12. Evaluation of Risky Projects --
_t13. The Option Value of Uncertain Projects --
_t14. Evaluation of Non-marginal Projects --
_tGlobal Conclusion --
_tIndex
506 0 _arestricted access
_uhttp://purl.org/coar/access_right/c_16ec
_fonline access with authorization
_2star
520 _aOur 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 research and development. Today, the judge, the citizen, the politician, and the entrepreneur are concerned with the sustainability of our development. The objective of Pricing the Planet's Future is to provide a simple framework to organize the debate on what we should do for the future. A key element of analysis by economists is the discount rate--the minimum rate of return required from an investment project to make it desirable to implement. Christian Gollier outlines the basic theory of the discount rate and the various arguments that favor using a smaller discount rate for more distant cash flows. With principles that can be applied to many policy areas, Pricing the Planet's Future offers an ideal framework for dynamic problems and decision making.
530 _aIssued also in print.
538 _aMode of access: Internet via World Wide Web.
546 _aIn English.
588 0 _aDescription based on online resource; title from PDF title page (publisher's Web site, viewed 30. Aug 2021)
650 0 _aDiscount.
650 0 _aInvestments
_xSocial aspects.
650 7 _aBUSINESS & ECONOMICS / Development / Sustainable Development.
_2bisacsh
653 _aCBA.
653 _aMarkov switches.
653 _aNPV.
653 _aPoisson two-armed bandit.
653 _aRamsey rule.
653 _aWeitzman argument.
653 _aactual behaviors.
653 _aadaptations.
653 _aalternative decision criteria.
653 _abackward induction.
653 _abiodiversity.
653 _acanonical models.
653 _acapital.
653 _aclassical discounting approach.
653 _aclimate change.
653 _acompetitive economy.
653 _aconcordance.
653 _aconsumption.
653 _acost-benefit analysis.
653 _adevelopment sustainability.
653 _adiscount rate.
653 _adiscounted expected utility.
653 _aecological discount rate.
653 _aecological environments.
653 _aeconomic depressions.
653 _aeconomic development.
653 _aeconomic growth rates.
653 _aeconomic growth.
653 _aeconomic reversions.
653 _aeconomics.
653 _aefficient discount rates.
653 _aenvironmental assets.
653 _aenvironmental policies.
653 _aenvironmental quality.
653 _aenvironmental risks.
653 _aextreme events.
653 _afat tails.
653 _afuture environmental damages.
653 _afuture planning.
653 _ainequalities.
653 _ainequality aversion.
653 _ainterest rate.
653 _aintergenerational habit formation.
653 _aintergenerational welfare.
653 _aintertemporal inequalities.
653 _ainvestment opportunities.
653 _ainvestment project selection.
653 _aliquidity.
653 _along-term credit contracts.
653 _along-term growth.
653 _along-term risk.
653 _amacroeconomic effects.
653 _amaxmin ambiguity aversion.
653 _amean-reversion.
653 _anatural resource exhaustion.
653 _anet benefit.
653 _anet future value.
653 _anet present value.
653 _anet present values.
653 _anew investment opportunities.
653 _anon-marginal projects.
653 _anon-monetary benefits.
653 _anuclear waste disposal.
653 _aoption value.
653 _aparametric uncertainty.
653 _apollution.
653 _apositive discount rate.
653 _apossible investments.
653 _aprecautionary effect.
653 _aproject valuation.
653 _apublic debt.
653 _apublic infrastructure.
653 _apublic policies.
653 _aradical economic transformations.
653 _arandom walk.
653 _arecursive expected utility.
653 _arisk aversion.
653 _arisk management.
653 _arisk preferences.
653 _arisk premium.
653 _arisk.
653 _arisky assets.
653 _arisky projects.
653 _asafe investment projects.
653 _asafe investment.
653 _asafe projects.
653 _asaving.
653 _asmooth ambiguity aversion.
653 _asocial welfare.
653 _astochastic dominance approach.
653 _asubstitution.
653 _aterm structure.
653 _atheory of investment.
653 _atwo-period model.
653 _auncertain cash flows.
653 _auncertain economic growth.
653 _auncertain projects.
653 _auncertainty.
653 _aunequal society.
653 _autility function.
653 _awealth inequalities.
850 _aIT-RoAPU
856 4 0 _uhttps://doi.org/10.1515/9781400845408?locatt=mode:legacy
856 4 0 _uhttps://www.degruyter.com/isbn/9781400845408
856 4 2 _3Cover
_uhttps://www.degruyter.com/cover/covers/9781400845408.jpg
942 _cEB
999 _c206804
_d206804