Journal ArticleNatural Resources Journal · January 1, 1983
Explores the issue of how individuals make value decisions under uncertainty. Reports on results from recent research concerning the implications for received theory for efforts to estimate individual valuations of public projects which involve uncertain b ...
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Journal ArticleAmerican Economic Review · January 1, 1981
Provides a procedure for determining whether a risky project passes the 'potential Pareto improvement' welfare criterion which forms the normative basis of cost-benefit analysis.-Author ...
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Journal ArticleAutomatica · January 1, 1975
In this paper we study the global stability properties of both descriptive and optimally controlled economic systems possessing inherent non-linearities. Stability conditions for these non-linear models are established, and a complete characterization of t ...
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Journal ArticleIEE Conference Publication · 1973
This article studies the stability properties of both descriptive and optimally controlled macro-economic models admitting any number of capital goods, including a two-sector (one-capital good) model as a special case. The stationary point for an optimal c ...
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