Valuation when disaster risks increase at an increasing rate
Economics Letters(2023)
摘要
Atmospheric CO2 been growing at an increasing rate for many years and this suggests that investments may face an increasing rate of future disaster risk. We provide a simple variation of the Gordon Growth model that accounts for potential increasing disaster risks and provides a closed-form bound to the reduction in value.
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关键词
R1,R3,Q2,M2
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