We analyze how the threat of a potential future regime shift affects optimal management. We use a simple general growth … endogenous probability of regime shift that affects system dynamics the potential for regime shift causes optimal management to …

We analyze how the threat of a potential future regime shift affects optimal management. We use a simple general growth … reaches ambiguous conclusions about the effect of potential regime shift on optimal management. We show that all other cases … potential for regime shift causes optimal management to become precautionary. …

future regime shift affects optimal management. We use a simple general growth model to analyze four cases that involve … potential regime shift on optimal management. We show that all other cases yield unambiguous results. In particular, with … endogenous probability of regime shift that affects system dynamics the potential for regime shift causes optimal management to …

We analyze how the threat of a potential future regime shift affects optimal management. We use a simple general growth … endogenous probability of regime shift that affects system dynamics the potential for regime shift causes optimal management to …

We analyze how the threat of a potential future regime shift affects optimal management. We use a simple general growth … reaches ambiguous conclusions about the effect of potential regime shift on optimal management. We show that all other cases … potential for regime shift causes optimal management to become precautionary. …

We analyze how the threat of a potential future regime shift affects optimal management. We use a simple general growth … reaches ambiguous conclusions about the effect of potential regime shift on optimal management. We show that all other cases … potential for regime shift causes optimal management to become precautionary. …