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Economic and Market Framework

  • Chris Harris

Abstract

In this section we outline the basic economic constructs on which we will rely.

Keywords

Interest Rate Abatement Cost Real Interest Rate Forward Rate Nominal Interest Rate 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Notes

  1. 1.
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  2. 2.
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  5. 3.
    Dupuit (1844) “De la Mesure de l’Ulitité des Travaux Publics,” Annales des Ponts et Chaussées, 2nd series, vol. 8.Google Scholar
  6. Translated by R. H. Barback (1952), in International Economic Papers 2: 83–110.Google Scholar
  7. 4.
    E.g. Ruggles, N. (1949) “Recent Developments in the Theory of Marginal Cost Pricing” Review of Economic Studies 17:107–26.CrossRefGoogle Scholar
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  12. 9.
    Sidgwick (1901), The Principles of Political Economy, 3rd ed. (Forgotten Books) and then Pigou (1932) used the example, preceding Samuelson’s approach.Google Scholar
  13. 10.
    The term was coined by Krutilla (1967), “Conservation Reconsidered,” American Economic Review 57: 777–86.Google Scholar
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    Originated by muth (1961), “Rational Expectations and the Theory of Price Movements,” Econometrica 29.3: 315–35.CrossRefGoogle Scholar
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  18. 17.
    See Baxter and Rennie (1996), Financial Calculus (Cambridge, UK: Cambridge University Press).CrossRefGoogle Scholar
  19. 18.
    The metaphor is standard and the example is drawn from Ellsberg (1961), “Risk, Ambiguity, and the Savage Axioms,” Quarterly Journal of Economics 75.4: 643–69CrossRefGoogle Scholar
  20. Keynes drew from Boole (1854), An Investigation of the Laws of Thought (Watchmaker Publishing).Google Scholar

Copyright information

© Chris Harris 2015

Authors and Affiliations

  • Chris Harris

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