Pricing the Planet's Future. The Economics of Discounting in an Incertain World

"This careful and thorough book provides readers with a theoretical foundation for how to think about the discount rate. It starts with a simple case and then relaxes different assumptions to show how the discount rate is affected. A complete compilation of determinants, this book fills a gap in the literature." Cony Olovsson, Stockholm University. "Pricing the Planet's Future explores the history and future of the modern economic theory of discounting and its consequences for sustainable development.
Written for professional economists and graduate students, this book is one of the best on dynamic decision making." Jason Shogren, University of Wyoming.