This book provides an overview of quantitative approaches to analyse the effects of economic policy reforms on sustainable land use in less developed countries (LDCs). Its purpose is to assess recent advances in modelling approaches, to identify key issues in quantifying the relationships, and...

We develop a simple model of managing a system subject to pollution damage under risk of an abrupt and random jump in the damage coefficient. The model allows the full dynamic characterization of the optimal emission policies under uncertainty. The results, that imply prudent behavior due to...