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pollution regulation through collective decision making. We show that depending on the collective decision making mechanism in … place, the time path of pollution can display an inverted U shape, a "sideways mirrored" S, or an increasing (but bounded …
Persistent link: https://www.econbiz.de/10005136823
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inputs in energy production. We assume that the stocks of both natural resources are stochastic, and that the adoption of … depends not only on the uncertainty parameters, but also on energy demand, costs, and the relative productivity of the …
Persistent link: https://www.econbiz.de/10011043429
scenario. Both environmental and economic uncertainty are included in the model and treated using an integrated approach, in … opportunities. Moreover, we take explicit account of how uncertainty interacts with two types of irreversibility: sunk costs …
Persistent link: https://www.econbiz.de/10011608776
of cost-benefit analysis fail to protect our species from the significant risks of too much consumption, pollution, or …
Persistent link: https://www.econbiz.de/10012969820
Kenneth Arrow and Karl Borch published several important articles in the early 1960s that can be viewed as the beginning of modern economic analysis of insurance activity. This chapter reviews the main theoretical and empirical contributions in insurance economics since that time. The review...
Persistent link: https://www.econbiz.de/10014025527
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Reduced industrial activity leads to improve local air quality. Using plant level micro data from the Census of Manufacturers, I explore how county particulate levels vary for counties that feature different manufacturing activity levels and that differ with respect to manufacturing's capital...
Persistent link: https://www.econbiz.de/10005549105
This is motivated by the need to include issues of risk, uncertainty, irreversibility, learning and catastrophe in …
Persistent link: https://www.econbiz.de/10005245500