The Ramsey Discounting Formula for a Hidden-State Stochastic Growth Process
Author:
Publisher
Springer Science and Business Media LLC
Subject
Management, Monitoring, Policy and Law,Economics and Econometrics
Link
http://link.springer.com/content/pdf/10.1007/s10640-012-9594-y.pdf
Reference5 articles.
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2. Gollier C, Weitzman ML (2010) How should the distant future be discounted when discount rates are uncertain?. Econ Lett 107(3): 350–353
3. Groom B, Koundouri P, Panopoulou E, Pantelidis T (2007) Discounting the distant future: how much does model selection affect the certainty equivalent rate?. J Appl Econom 22(3): 641–656
4. Maddison A (2001) The world economy: a millennial perspective. OECD Publishing
5. Newell RG, Pizer WA (2003) Discounting the distant future: how much do uncertain rates increase valuations?. J Environ Econ Manag 46: 519–529
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