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How Should Benefits and Costs Be Discounted in an Intergenerational Context?
earnings probability
2015/9/18
Should governments, in discounting the future benefits and costs of public projects, use a
discount rate that declines over time? The argument for a declining discount rate is a simple one: if the
d...
One-sided FKPP travelling waves in the context of homogenous fragmentation processes
FKPP equation travelling wave homogenous fragmentation process killed fragmentation product martingale spectrally negative Levy process
2012/4/23
In this paper we introduce the one-sided FKPP equation in the context of homogenous fragmentation processes. More specifically, the main result of the present paper is concerned with the existence and...