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In 2005, The Millennium Ecosystem Assessment (MA) provided the first global assessment of the world's ecosystems and ecosystem services. It concluded that recent trends in ecosystem change threatened human wellbeing due to declining ecosystem services. This bleak prophecy has galvanized...
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India is predicted to be one of the most vulnerable agricultural regions to future climate changes. Here, we examined the sensitivity of winter cropping systems to inter-annual climate variability in a local market and subsistence-based agricultural system in central India, a data-rich...
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Systems linking people and nature, known as social-ecological systems, are increasingly understood as complex adaptive systems. Essential features of these complex adaptive systems – such as nonlinear feedbacks, strategic interactions, individual and spatial heterogeneity, and varying time...
Persistent link: https://www.econbiz.de/10011067333
We analyze a model of environmental regulation with learning about environmental damages and endogenous choice of emissions abatement technology by a polluting firm. We compare environmental policy under discretion, in which policy is updated upon learning new information, versus under rules, in...
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Replaced with revised version of paper 08/04/06.
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