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Publicado en: Artículo en revista académica

The Effect of a Constant or a Declining Discount Rate on Optimal Investment Timing

Gonzalo Edwards.

Journal of Applied Economics Letters, 10(10): 657-659, 2003.

This paper shows that exponential discounting may have an advancing effect on the timing of investment, not captured by sensitivity analysis carried out for the complete range of instantaneous discount rates implicit in declining discounting.

 

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