Discounting with fat-tailed economic growth

DOI10.1007/S11166-008-9050-0zbMATH Open1165.91440OpenAlexW2128928592MaRDI QIDQ1029243FDOQ1029243

Authors: Christian Gollier 

Publication date: 10 July 2009

Published in: Journal of Risk and Uncertainty (Search for Journal in Brave)

Full work available at URL: http://idei.fr/sites/default/files/medias/doc/wp/2008/discount.pdf

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Mathematics Subject Classification ID

Economic growth models (91B62)

Cites Work

• An equilibrium characterization of the term structure
• Rare disasters and asset markets in the twentieth century
• Discounting the distant future: How much do uncertain rates increase valuations?
• Why the far-distant future should be discounted at its lowest possible rate
• The consumption-based determinants of the term structure of discount rates
• Time horizon and the discount rate.

Cited In (18)

• Time horizon and the discount rate.
• Discounting and divergence of opinion
• Discount rates, social judgments, individuals' risk preferences, and uncertainty
• Extreme events, discounting and stochastic optimization
• Option implied ambiguity and its information content: evidence from the subprime crisis
• Discounting dilemmas: Editors' introduction
• Understanding, modelling and managing longevity risk: key issues and main challenges
• On current and future carbon prices in a risky world
• Gamma discounting and expected net future value
• Risk-adjusted gamma discounting
• The consumption-based determinants of the term structure of discount rates
• Ecological discounting
• Planetary boundaries of consumption growth: declining social discount rates
• A generalization of Ramsey rule on discount rate with regime switching
• Endogenous discounting via wealth, twin-peaks and the role of technology
• A note on uncertainty and discounting in models of economic growth
• Satisficing versus optimality: criteria for sustainability
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