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...

Responding to change -- The decision context -- A brief philosophy of adaptive ecosystem management -- Contesting sustainability : who will own the word? -- Introducing and grounding a procedural approach -- Heuristic proceduralism : a general method -- Tools of the adaptive trade --...