Discounting and risk adjusting non-marginal investment projects
نویسندگان
چکیده
منابع مشابه
- 1 - Discounting and risk adjusting non - marginal investment projects
Standard cost-benefit analyses and asset pricing theories are based on the assumption that investment projects have marginal impacts on the consumption flows of stakeholders, so that social values and prices are not affected. This may not be true for large projects, such as those related to climate change or to the implementation of infrastructure projects in developing countries. In this paper...
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ژورنال
عنوان ژورنال: European Review of Agricultural Economics
سال: 2011
ISSN: 0165-1587,1464-3618
DOI: 10.1093/erae/jbr028