Kahn, James R.; Robert V. O’Neill - In: Southern Economic Journal 66 (1999) 2, pp. 391-402
Irreversibility can be either physical or economic in origin. For example, the extinction of a species is physically irreversible. On the other hand, contamination of lake-bottom sediments by mercury is not physically irreversible (the mercury and/or sediments can be physically removed), but the...