Concepedia

Discounting the distant future: how much do uncertain rates increase valuations?

Richard G. Newell, William A. Pizer

Journal of Environmental Economics and Management · 2003 · 408 citations · 51 references

Concepts

Social SciencesEconomicsEnvironmental EconomicsEnvironmental ValuationResource ValuationDiscounting In Economic EvaluationInterest Rate ModelingPresent ValuePricing Under UncertaintyCertainty Equivalent ApproachCertainty Equivalent ValuationDiscounting In Economic ModelsDiscounting Of Environmental BenefitsDiscounting Of Future BenefitsDiscounting Of Long-term ImpactsRandom Walk HypothesisStochastic Discounting

References

51

The Pricing of Options and Corporate Liabilities

Fischer Black, Myron S. Scholes · Journal of Political Economy · 1973 · 29.4K citations

Business, Economics, Finance +13

Distribution of the Estimators for Autoregressive Time Series with a Unit Root

David A. Dickey, Wayne A. Fuller · Journal of the American Statistical Association · 1979 · 23K citations · Full text

Business, Economics, Econometrics +12

Testing the null hypothesis of stationarity against the alternative of a unit root

Denis Kwiatkowski, Peter C.B. Phillips, Peter Schmidt et al. · Journal of Econometrics · 1992 · 12.6K citations

Social Sciences, Economics, Econometrics +9

Time Series Analysis.

Jörg Breitung, James D. Hamilton · Contemporary Sociology A Journal of Reviews · 1995 · 11.2K citations

Social Sciences, Economics, Econometrics +7

Investment Under Uncertainty.

Eduardo S. Schwartz, Avinash Dixit, Robert S. Pindyck · The Journal of Finance · 1994 · 9.9K citations

Business, Business Economics, Economics +16