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We are interested in three related questions: (1) How should accounting prices be estimated? (2) How should we evaluate policy change in an imperfect economy? (3) How can we check whether intergenerational well-being will be sustained along a projected economic programme? We do not presume that...
Persistent link: https://www.econbiz.de/10011325136
Economists have expended considerable effort to develop economically meaningful definitions of the somewhat elusive concept of “sustainability.” We relate such a definition of sustainability to well known concepts from neoclassical economics, in particular, potential Pareto improvements (in...
Persistent link: https://www.econbiz.de/10011335736
Biodiversity provides essential services to human societies. Many of these services are provided as public goods, so that they will typically be underprovided both by market mechanisms (because of the impossibility of excluding non-payers from using the services) and by government-run systems...
Persistent link: https://www.econbiz.de/10011335758
Research on risk communication relates basic risk perception studies to the formulation of policies, the currently evolving legislation dealing with hazards, the key issues of public involvement, the risk and environmental management. Risk communication is a relatively new field based on a...
Persistent link: https://www.econbiz.de/10011608544
Research on risk communication relates basic risk perception studies to the formulation of policies, the currently evolving legislation dealing with hazards, the key issues of public involvement, the risk and environmental management. Risk communication is a relatively new field based on a...
Persistent link: https://www.econbiz.de/10011608545
We examine whether the use of the environment, proxied by CO2 emissions, as a factor of production contributes, in … with environment as a factor of production which is unpaid in the absence of environmental policy is developed. Using data … environment as a not fully compensated factor of production. Our results point towards the need for developing a concept of Green …
Persistent link: https://www.econbiz.de/10010312301
The purpose of the present paper is to describe the role of uncertainty and technical change in an environmental … context. Which impact does ecological uncertainty have on physical and R&D investments' decisions? How are pollution … trajectories modified when uncertainty is taken into account? To reply to these questions we modify the ETC-RICE model described in …
Persistent link: https://www.econbiz.de/10011608823
uncertainty into Integrated Assessment Models (IAMs). Uncertainty is transformed into a risk-premium, damage-correction, region …. This risk premium quantifies what society would be willing to pay to insure against the uncertainty of the damages, and it …
Persistent link: https://www.econbiz.de/10011492389
The behaviour of future policy-makers substantially influences future greenhouse gas emissions. Uncertainty about the …
Persistent link: https://www.econbiz.de/10011608362
In this essay, three separate yet interconnected components of pro-environmental decision making are considered: (a) knowledge, in the form of basic scientific understanding and procedural knowledge, (b) risk perception, as it relates to an individual's direct experience of climate change and...
Persistent link: https://www.econbiz.de/10010279414