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Federal discount rate policy, the shadow price of capital, and challenges for reforms
Abstract This paper addresses the problem of determining discount rate policies that are both consistent with basic economic principles and implementable given real-world constraints. The paper firstExpand
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Alternative structures for water rights markets
This paper examines the design of systems of marketable permits for water consumption from natural watercourses. The most important considerations for the work reported upon here are those associatedExpand
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Equilibrium properties of auctions and alternative procedures for allocating transferable permits
Abstract This paper examines the equilibrium properties of a range of auctions and related procedures, placing emphasis on the types of procedures that are likely to be of special interest inExpand
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