Regime shifts and uncertainty in pollution control

DOI10.1016/J.JEDC.2012.01.006zbMath1239.91120OpenAlexW3125648409MaRDI QIDQ426659

Amos Zemel, Aart J. De Zeeuw

Publication date: 11 June 2012

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

Full work available at URL: https://www.cesifo.org/DocDL/cesifo1_wp3697.pdf

zbMATH Keywords

uncertaintyoptimal managementadaptationenvironmental pollutionmitigationcatastrophic transitions

Mathematics Subject Classification ID

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

Related Items (13)

Adaptation, mitigation and risk: an analytic approach ⋮ Managing the endogenous risk of disease outbreaks with non-constant background risk ⋮ Market-making strategy with asymmetric information and regime-switching ⋮ Insurance and climate-driven extreme events ⋮ Structural Clustering of Volatility Regimes for Dynamic Trading Strategies ⋮ Preparing for catastrophic climate change ⋮ Creative destruction vs destructive destruction: a Schumpeterian approach for adaptation and mitigation ⋮ Catastrophe and cooperation ⋮ Targets for global climate policy: an overview ⋮ Optimal adaptation strategies to face shocks on groundwater resources ⋮ The optimal management of renewable resources under the risk of potential regime shift ⋮ Advertising and quality improving strategies in a supply chain when facing potential crises ⋮ Can harmful events be another source of environmental traps?

Cites Work

• 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
• Pollution control in an uncertain environment
• International pollution control: Cooperative versus noncooperative strategies
• Accounting for global warming risks: Resource management under event uncertainty
• Decision-making under scientific uncertainty: The economics of the precautionary principle
• A stochastic control model for optimal timing of climate policies
• A stochastic control model of economic growth with environmental disaster prevention
• Optimal Maintenance and Sale Age for a Machine Subject to Failure
• Consumption/pollution tradeoffs in an environment vulnerable to pollution-related catastrophic collapse
• The infinite horizon dynamic optimization problem revisited: A simple method to determine equilibrium states

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