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Three Ways to Determine the Discount Rate

Christian Gollier

in Pricing the Planet's Future: The Economics of Discounting in an Uncertain World

Published in print:
2012
Published Online:
October 2017
ISBN:
9780691148762
eISBN:
9781400845408
Item type:
chapter
Publisher:
Princeton University Press
DOI:
10.23943/princeton/9780691148762.003.0001
Subject:
Economics and Finance, Development, Growth, and Environmental

This chapter presents the simple two-period model that is used in classical economics textbooks to examine the problem of consumption, saving, and investment in a competitive economy. This model is a ... More


Maximization of Bequests: The First Turnpike Theorem

Michio Morishima

in Theory of Economic Growth

Published in print:
1969
Published Online:
November 2003
ISBN:
9780198281641
eISBN:
9780191596667
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198281641.003.0010
Subject:
Economics and Finance, Development, Growth, and Environmental

The conditions for the Golden Equilibrium have been established earlier in the book and this chapter turns to an examination of the economy for stability; it asks whether a Hicks–Malinvaud ... More


Economic Conditions at the Time of Founding and the Founding Parents of the Genealogies

in The Evolution of a New Industry: A Genealogical Approach

Published in print:
2013
Published Online:
June 2013
ISBN:
9780804772709
eISBN:
9780804783996
Item type:
chapter
Publisher:
Stanford University Press
DOI:
10.11126/stanford/9780804772709.003.0003
Subject:
Business and Management, Innovation

This chapter describes the historical evolution of the founding companies in the communication sector of the Israeli high-tech industry. It reviews the founding process of the pioneering firms ... More


A Two-Period, N-Good Model with Endogenous Labor Supply

Joseph E. Stiglitz and Bruce C. Greenwald

in Creating a Learning Society: A New Approach to Growth, Development, and Social Progress

Published in print:
2014
Published Online:
November 2015
ISBN:
9780231152143
eISBN:
9780231525541
Item type:
chapter
Publisher:
Columbia University Press
DOI:
10.7312/columbia/9780231152143.003.0008
Subject:
Economics and Finance, Development, Growth, and Environmental

This chapter generalizes the results of Chapter 7 to a competitive economy with N goods where labor supply is endogenous. The analysis confirms, qualifies, and generalizes the results derived for the ... More


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