Accounting for global warming risks: Resource management under event uncertainty

DOI10.1016/0165-1889(95)00900-0zbMath0875.90228OpenAlexW1970025654MaRDI QIDQ1350492

Yacov Tsur, Amos Zemel

Publication date: 27 February 1997

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/0165-1889(95)00900-0

zbMATH Keywords

Resource managementglobal warmingEvent uncertainty

Mathematics Subject Classification ID

Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76)

Related Items (17)

WHEN SHOULD WE STOP EXTRACTING NONRENEWABLE RESOURCES? ⋮ Insurance and climate-driven extreme events ⋮ Pollution control in an uncertain environment ⋮ Preparing for catastrophic climate change ⋮ Creative destruction vs destructive destruction: a Schumpeterian approach for adaptation and mitigation ⋮ Renewable resource management with stochastic recharge and environmental threats ⋮ Regime shifts and uncertainty in pollution control ⋮ Controlling pollution and environmental absorption capacity ⋮ Targets for global climate policy: an overview ⋮ Dynamic optimisation in the presence of threshold effects when the location of the threshold is uncertain -- with an application to a possible disintegration of the Western Antarctic Ice Sheet ⋮ Optimal adaptation strategies to face shocks on groundwater resources ⋮ The infinite horizon dynamic optimization problem revisited: A simple method to determine equilibrium states ⋮ Time perspective and climate change policy ⋮ On the dynamics of competing energy sources ⋮ A revision game of experimentation on a common threshold ⋮ OPTIMAL REGULATION OF NATURAL RESOURCES IN THE PRESENCE OF IRREVERSIBLE THRESHOLD EFFECTS ⋮ Optimal transition to backstop substitutes for nonrenewable resources

Cites Work

• How to eat a cake of unknown size -- the case of a growing cake
• Optimal pollution control with a nonconstant exponential rate of decay
• Regulating activities with catastrophic environmental effects
• Uncertainty and irreversibility in groundwater resource management
• OPTIMAL INVESTMENT IN THE PROTECTION OF A VULNERABLE BIOLOGICAL RESOURCE
• Consumption/pollution tradeoffs in an environment vulnerable to pollution-related catastrophic collapse

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