Stochastic Capital Theory I. Comparative Statics
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Introductory lectures on capital theory often begin by analyzing the following problem: I have a tree which will be worth X(t) if cut down at time t. If the discount rate is r, when should the tree be cut down? What is the present value of such a tree? The answers to these questions are
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美国国家经济研究局创建时间：
1982-05-01
