Discounted-cash-flow (DCF) techniques form the basis of most corporate-investment decisions. Many practitioners, however, claim to be dissatisfied with traditional methods of appraisal. In this paper, we survey DCF and more recent methods of evaluating cyclical projects.

Cet article etudie les consequences d'un altruisme non reciproque et demontre que l'exploitation du samaritain par le beneficiaire depend du niveau d'altruisme et non du montant des transferts. Un modele caracterise les conditions dans lesquelles un dilemme du prisonnier se transforme en un...

Cet article fournit quelques resultats de previsions de pics de pollution d'ozone pour la station de mesure de Vitrolles, situee dans l'Aire Metropolitaine Marseillaise. Nous presentons d'abord la methode de regression par arbre et une idee de stabilisation par Agregatopm par Bootstrap. Ces...

This paper examines interactions between education policy and growth. The analysis is carried out in an OLG model with two types of individuals: skilled and unskilled.

This article focuses on the scope for indeterminacies that originate from global capital stock externalities in the technological set of the reference model of the multisector optimal growth literature. These phenomena are shown to introduce a new class of intersectoral dependency in competitive...