CONSUMPTION POLLUTION TRADEOFFS IN AN ENVIRONMENT VULNERABLE TO POLLUTION-RELATED CATASTROPHIC COLLAPSE
CONSUMPTION POLLUTION TRADEOFFS IN AN ENVIRONMENT VULNERABLE TO POLLUTION-RELATED CATASTROPHIC COLLAPSE
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DOI:
10.1016/0165-1889(94)90042-6
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发表时间:
1994-09-01
影响因子:
1.9
通讯作者:
REED, WJ
中科院分区:
文献类型:
--
作者:
CLARKE, HR;REED, WJ
This paper considers the consequences of an avoidable risk of irreversible environmental catastrophe for society's optimal long-run consumption/pollution tradeoffs. The risk is assumed to be a nondecreasing function of pollution concentration which evolves as a dynamic environmental renewal process. The main objective of the paper is to derive qualitative insights regarding the effects of such risk on optimal management.