To estimate the equity premium, it is helpful to use finance theory: not the old-fashioned theory that efficient markets imply a constant equity premium, but theory that restricts the time-series behavior of valuation ratios, and that links the cross-section of stock prices to the level of the equity premium. Under plausible conditions, valuation ratios such as the dividend-price ratio should n...

The present paper reviews activity in environmental valuation by examining trends in publication rates over the past three decades. It also provides an overview of the demand for environmental valuation by academic markets and by policy markets. The results of this historical analysis suggest that there is not as much use of environmental valuation in policy analysis as could be expected given ...

To estimate the equity premium, it is helpful to use finance theory: not the old-fashioned theory that efficient markets imply a constant equity premium, but theory that restricts the time-series behavior of valuation ratios, and that links the cross-section of stock prices to the level of the equity premium. Under plausible conditions, valuation ratios such as the dividend-price ratio should n...

We develop the notion of deformations using a valuation ring as ring of coefficients. This permits to consider in particular the classical Gerstenhaber deformations of associative or Lie algebras as infinitesimal deformations and to solve the equation of deformations in a polynomial frame. We consider also the deformations of the enveloping algebra of a rigid Lie algebra and we define valued de...

We consider the collective decision problem of a society choosing among three alternatives on strict preference domain in which one ordering over is not admissible. propose family Sequential Pareto Undominated Rules and characterize them as unique full range, anonymous, tops-only, strategy-proof voting rule.

We prove that, if V is an effectively given commutative valuation domain such that its value group is dense and archimedean, then the theory of all V -modules is decidable.

Embedding is the widely-observed phenomenon that a good is assigned a higher value if evaluated on its own rather than as part of a more inclusive set. Embedding is considered a serious problem affecting the quality of many environmental management and health risk policy judgments. This paper presents the results of an experiment involving of a structured, small-group approach for conducting en...