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The principle of equivalence in mathematics of finance compares and values cash flows. It requires a valuation of time … and uncertainty. From a mathematical point of view the valuation is an equivalence relation. This perspective offers a … unified formal framework. In mathematics of finance time is valued by interest. In valuation of uncertainty one distinguishes …
Persistent link: https://www.econbiz.de/10010512686
In densely-populated countries and in particular in large metropolitan areas, the presence of so much human activity causes all sorts of negative externalities, for example traffic noise disturbance. These externalities call for corrective measures by the government. Economists have developed a...
Persistent link: https://www.econbiz.de/10011376616
We propose a simple mechanism that might improve voluntary contributions to public goods. Using a laboratory experiment we analyze how bundling public with private goods affects individuals’ valuations for both goods. In the experiment, subjects may purchase a private and a public good either...
Persistent link: https://www.econbiz.de/10009748602
In this paper we develop a framework to value public investments with the purpose of increasing bicycling that explicitly accounts internal costs of bicycling, which are typically neglected in current established approaches that value bicycle spending by means of gross health benefits alone, as...
Persistent link: https://www.econbiz.de/10009717879
information on the type of power plant that will be replaced by renewables, which are often omitted from primary valuation studies …
Persistent link: https://www.econbiz.de/10010362834
Under scenarios of increasing unplanned urban expansion, environmental degradation and hazard exposure, the vulnerability of urban populations, especially of their poorer segments, needs to be tackled through integrated economic, social and environmental solutions. Basing our analysis on the...
Persistent link: https://www.econbiz.de/10010226002
The author presents a multi-impact economic valuation framework called the Social Cost of Atmospheric Release (SCAR …
Persistent link: https://www.econbiz.de/10010193849
The present paper provides a meta-analysis of agricultural landscape valuation studies and through the estimated …
Persistent link: https://www.econbiz.de/10011524907