Journal ArticleDOI
Consumption/pollution tradeoffs in an environment vulnerable to pollution-related catastrophic collapse
Harry Clarke,William J. Reed +1 more
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In this article, the consequences of an avoidable risk of irreversible environmental catastrophe for society's optimal long-run consumption/pollution tradeoffs are considered, where the risk is assumed to be a non-decreasing function of pollution concentration which evolves as a dynamic environmental renewal process.About:
This article is published in Journal of Economic Dynamics and Control.The article was published on 1994-09-01. It has received 226 citations till now. The article focuses on the topics: Consumption (economics).read more
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Chapter 2 - Integrated risk and uncertainty assessment of climate change response policies
Howard Kunreuther,Shreekant Gupta,Valentina Bosetti,Roger M. Cooke,V. Dutt,M. Ha-Duong,Hermann Held,J. Llanes-Regueiro,Anthony Patt,Ekundayo Shittu,Elke U. Weber +10 more
TL;DR: In this article, the authors consider ways in which risk and uncertainty can affect the process and outcome of strategic choices in responding to the threat of climate change, and propose a framing chapter that considers the effects of uncertainty on strategic choices.
Journal ArticleDOI
Watch Your Step: Optimal Policy in a Tipping Climate
TL;DR: The authors investigate the optimal policy response to the possibility of abrupt, irreversible shifts in system dynamics, and show that tipping possibilities raise the optimal carbon tax more strongly over time, and the resulting policy paths ultimately lower optimal peak warming by up to 0.5°C.
Journal ArticleDOI
Uncertainty In Environmental Economics
TL;DR: In a world of certainty, the design of environmental policy is relatively straightforward, and boils down to maximizing the present value of the flow of social benefits minus costs as discussed by the authors. But the...
Journal ArticleDOI
Game Theoretic Research on the Design of International Environmental Agreements: Insights, Critical Remarks, and Future Challenges
TL;DR: In this paper, a number of publications that analyze the formation and stability of international environmental agreements (IEAs) using the method of game theory has sharply increased, and some recent results that shall demonstrate the usefulness but also the limitation of game theoretic analysis for the analysis of IEAs.
Book ChapterDOI
Chapter 23 Economic growth and the environment
TL;DR: In this article, the authors explore vital questions such as: is environmental protection compatible with economic growth; is it possible to have sustained growth in the long run without accumulation of pollution; what is the impact of environmental concerns on growth, and in particular, how are the levels, the paths or the growth rates of crucial variables such as capital, income, consumption or environmental pollution affected if we take into account the environment.
References
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Environmental and Natural Resource Economics
TL;DR: In this article, the authors define the concept of sustainable development as "the allocation of Depletable, Non-recyclable Energy Resources: Oil, Gas, Coal and Uranium".
Book ChapterDOI
The Optimal Depletion of Exhaustible Resources
Partha Dasgupta,Geoffrey Heal +1 more
TL;DR: In this article, the authors explore the problems that arise naturally when the existence of exhaustible resources is incorporated into the study of intertemporal plans, and demonstrate how one might, in a relatively simple manner, bring such considerations to bear on a set of questions that have generated a considerable amount of interest in recent years.
Book
Air pollution and human health
Lester B. Lave,Eugene P. Seskin +1 more
TL;DR: The first section of the book is concerned with background and theoretical framework, and cross-sectional analysis of U.S. standard metropolitan statistical areas and the relationship between mortality and daily air pollution are discussed.
Journal ArticleDOI
The effects of the risk of fire on the optimal rotation of a forest
TL;DR: In this paper, the effects of the risk of fire or other unpredictable catastrophe on the optimal rotation period of a forest stand are investigated and it is shown that when fires occur in a time independent Poisson process, and cause total destruction, the policy effect of the fire risk is equivalent to adding a premium to the discount rate that would be operative in a risk-free environment.
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