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

✍ Scribed by Richard G. Newell; William A. Pizer


Book ID
117272944
Publisher
Elsevier Science
Year
2003
Tongue
English
Weight
239 KB
Volume
46
Category
Article
ISSN
0095-0696

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Discounting the distant future: How much
✍ Ben Groom; Phoebe Koundouri; Ekaterini Panopoulou; Theologos Pantelidis πŸ“‚ Article πŸ“… 2007 πŸ› John Wiley and Sons 🌐 English βš– 154 KB

## Abstract Recent work in evaluating investments with long‐term consequences has turned towards establishing a schedule of Declining Discount Rates (DDRs). Using US data we show that the employment of models that account for changes in the interest rate generating mechanism has important implicati