From: vjp2@BioStrategist.com Newsgroups: sci.econ:416608 Subject: Declining Growth in Valuation Date: Sun, 14 Aug 2016 Message-ID: noqrth$gij$1@reader2.panix.com When Liebowitz got the IAQF award he asked about declining growth. I tried sigmod models but they didn't integrate nicely, hyperbolic did. Declining Growth: "Integrate[Exp[(g/t-r)t],{t,0,Infinity}]" -> Exp(g)/r Gordon: "Integrate[Exp[(g-r)t],{t,0,Infinity}]" -> 1/(r-g)