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Evolutionary and environmental economics have a potentially close relationship. This paper reviews past and identifies potential applications of evolutionary concepts and methods to environmental economics. This covers a number of themes: resource use and ecosystem management; growth and...
Persistent link: https://www.econbiz.de/10011350354
Evolutionary and environmental economics have a potentially close relationship. This paper reviews past and identifies potential applications of evolutionary concepts and methods to environmental economics. This covers a number of themes: resource use and ecosystem management; growth and...
Persistent link: https://www.econbiz.de/10014052884
stochastic pollution tax, which is uncorrelated with the technological uncertainty of pollution, is compared with a pure … uncertainty associated with pollution leads to an increase in abatement activities and therefore supports the corresponding …
Persistent link: https://www.econbiz.de/10010262909
environmental preferences and uncertainty on optimal financing is ambiguous. …
Persistent link: https://www.econbiz.de/10010317622
the certainty-equivalent rate that is, the single discount rate that summarizes the effect of uncertainty and measures the …,000 relative to conventional discounting. Applying the random walk model to the consequences of climate change, we find that … inclusion of discount rate uncertainty almost doubles the expected present value of mitigation benefits. …
Persistent link: https://www.econbiz.de/10009446677
Persistent link: https://www.econbiz.de/10011432197
The paper reexamines the ethics of intergenerational risk. When risk re-solves gradually, earlier decisions cannot depend on the realization of later shocks and, consequently, some inequalities across generations are inevitable. To account for these inequalities, risky intergenerational...
Persistent link: https://www.econbiz.de/10011333646
resolution of risk, (iii) show different discounting formulas depending on the magnitude of risk and on the timing of its …
Persistent link: https://www.econbiz.de/10010467848
Persistent link: https://www.econbiz.de/10012415896
resolution of risk, (iii) show different discounting formulas depending on the magnitude of risk and on the timing of its …
Persistent link: https://www.econbiz.de/10013030316