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sustainability-focused wealth accounts. Typical bookend assumptions of the social planner optimally managing natural capital versus …
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are inadequate for identifying sustainable development. A comprehensive measure of an economy's wealth is developed and …
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We build a model of universities combining their real production decisions with their choice of endowment size and asset allocation. Variation in opportunity cost, that is, the productivity of internal projects, has a first-order effect on these choices. Adding the UPMIFA-mandated 7% payout...
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