Relying on a standard formulation of dynamic models of pollution abatement, we propose a competition among countries … of pollution above which a catastrophe occurs, it gets involved in the well-known 'tragedy of the commons' effect: non … catastrophic consequences. We investigate how the internalization of the benchmark for the aggregate stock of pollution in the …

We develop a simple model of managing a system subject to pollution damage under risk of an abrupt and random jump in …. -- environmental pollution ; optimal management ; catastrophic transitions ; uncertainty ; adaptation ; mitigation …

We explore the long-run relationship between income risk, inequality, and the macroeconomy in an overlapping … they require for bearing risk, leading to higher measured income and wealth inequality, a lower risk-free real interest … rate, and higher risk premiums. These findings suggest that the factors behind the observed rise in inequality over the …

A formula is derived for the social cost of carbon (SCC) that takes account of intragenerational income inequality and … intergenerational inequality aversion and for risk aversion. If growth increases (reduces) intra-generational inequality, the SDR is … lower (higher) and the SCC higher (lower) than along an inequality-neutral growth path, especially if intra-generational and …

individual plants would need to comply with the new policy. I use a difference-in-differences approach to compare pollution … plants with a lower probability of being regulated invested in fewer capital-intensive pollution controls and reduced … pollution by 13% less on average. Many of these plants did switch to capital-intensive pollution controls after the court upheld …

We develop a simple model of managing a system subject to pollution damage under risk of an abrupt and random jump in …