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Recent research in financial economics has shown that rare large disasters have the potential to disrupt financial sectors via the destruction of capital stocks and jumps in risk premia. These disruptions often entail negative feedback effects on the macroeconomy. Research on disaster risks has...
Persistent link: https://www.econbiz.de/10012265443
Recent research in financial economics has shown that rare large disasters have the potential to disrupt financial sectors via the destruction of capital stocks and jumps in risk premia. These disruptions often entail negative feedback e?ects on the macroecon-omy. Research on disaster risks has...
Persistent link: https://www.econbiz.de/10012102117
An assessment of the consequences of biological invasions and of the measures taken against must be at the base of each social decision in this field. Three forms of uncertainty can be distinguished that make such a decision difficult to take: (1) factual uncertainty, which encompasses not only...
Persistent link: https://www.econbiz.de/10010467674
Uncertainty is ubiquitous in environmental economics: the field studies interactions between socio-economic and biogeochemical systems and neither is fully understood. So our grasp of their interactions is necessarily limited. We argue that this pervasive uncertainty is best modeled as ambiguity...
Persistent link: https://www.econbiz.de/10014023893
Economics of Ecological Resources presents new or recently published work on ecological economies, sustainability, poverty, resource degradation and decision-making under uncertainty. The book explores the allocation of resources in jointly determined ecological-economic systems. An introductory...
Persistent link: https://www.econbiz.de/10014473971
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This is the first book combining research on the Global Environment, Catastrophic Risks and Economic Theory and Policy …. Modern economic theory originated in the middle of the twentieth century when industrial expansion coupled with population … human organization and, in particular, the industrial economy and the economic theory behind it. This book brings together …
Persistent link: https://www.econbiz.de/10012398233
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