Christian Gollier Knihy

Focusing on the theoretical foundations of the discount rate, this book begins with a straightforward case and systematically relaxes various assumptions to illustrate their impact. It serves as a comprehensive resource by compiling all key determinants affecting the discount rate, addressing a significant gap in existing literature.

Christian Gollier has a deep understanding of financial markets and how they often fail to advance social well-being. In this wise book, he develops analytic tools for aligning investment decisions with the public good, to point us in a better direction. Eric Maskin, Harvard University, Nobel laureate in economics