Expected net present value, expected net future value, and the Ramsey rule

Article English OPEN
GOLLIER, Christian;

Weitzman (1998) showed that when future interest rates are uncertain, using the expected net present value implies a term structure of discount rates that is decreasing to the smallest possible interest rate. On the contrary, using the expected net future value criteria... View more
Share - Bookmark

  • Download from
    ZENODO via ZENODO (Article, 2010)
  • Funded by
  • Cite this publication