Discounting with fat-tailed economic growth
By Christian Gollier. 2008
145 citations recorded by the source corpus.
Subfields: Economics and Econometrics, Finance
View Paper: https://www.semanticscholar.org/paper/85ba4982d9737db61ded200affd16186fc63b215
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
In Economics and Econometrics
- James K Hammitt
- Pauline Barrieu
- D. Shindell
- Claudia Ravanelli
- Nicole El Karoui
- Harry Bensusan
- Caroline Hillairet
- Stéphane Loisel
In Finance
- Pauline Barrieu
- James K Hammitt
- Nicole El Karoui
- D. Shindell
- Claudia Ravanelli
- Harry Bensusan
- Caroline Hillairet
- Stéphane Loisel
Citations in the corpus
- Expected Net Present Value, Expected Net Future Value, and the Ramsey Rule (2010, background): “As observed by Hepburn and Groom (2007), one could define an infinite number of such discount rates by choosing arbitrarily the evaluation date.”
- Understanding, modelling and managing longevity risk: key issues and main challenges (2012, methodology): “Nevertheless, an abundant literature on the economic aspects of long-term policy-making has been developed (see for example Gollier (2007, 2008), Hansen and Scheinkman (2009) or Breeden (1979)).”
- The social cost of atmospheric release (2015, background): “(Arrow et al. 2013; Gollier 2008)), and I therefore also use a rate that starts at 4 % and decreases exponentially with a 250 year time constant (i.”
- The Long-Run Discount Rate Controversy (2014, background): “Gollier (2008) shows that this implies a linearly decreasing term structure, which implies that the efficient discount rate goes to minus infinity for super-long maturities.”