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Recent political developments and academic debate indicate that future political commitment to the protection of natural resources is uncertain. This political uncertainty is particularly problematic when the danger of irreversible damage such as the extinction of species looms. Accordingly,...
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The socioeconomic impact of pollution naturally comes with uncertainty due to, e.g., current new technological … current emissions rate, when the stochastic dynamics of the socioeconomic costs of pollution are subject to Brownian shocks …
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