Economics of the Global Environment

Economics of the Global Environment

Catastrophic Risks in Theory and Policy

Chichilnisky, Graciela; Rezai, Armon

Springer International Publishing AG

07/2018

649

Mole

Inglês

9783319811604

15 a 20 dias

997

Descrição não disponível.
Part I. Catastrophic risk in economic theory.- Catastrophic Risk, Rare Events, and Black Swans: Toward an Alternative Synthesis.- Preference Representations for Catastrophic Risk Analysis.- Modeling Decisions Involving Ambiguous, Vague, or Rare Events.- Modeling Uncertainty, Context and Information Fusion via Lattice-Based Probability.- The foundations of uncertainty with black swans.- The Topology of Change.- Sustainable markets with short sales.- Part II. Ethical and welfare considerations.- Sustainable recursive social welfare functions.- Intergenerational equity, efficiency, and constructability.- Sustainable exploitation of a natural resource: a satisfying use of Chichilnisky's criterion.- The axiomatic approach to the ranking of infinite streams.- Part III. The environment in a global context.- Nested externalities and polycentric institutions: must we wait for global solutions to climate change before taking actions at other scales?.- Capital growthin a global warming model: will China and India sign a climate treaty?.- Unspoken ethical issues in the climate affair: Insights from a theoretical analysis of negotiation mandates.- Carbon leakages: a general equilibrium view.- Part IV. The case of climate change.- Chaos Control - Climate Stabilization by Closing the Global Carbon Cycle.- Climate Change and Social Choice Theory.- Discounting and the evaluation of climate policy.- Global warming and economic externalities.- Part V. Economic policy and regulation.- Detrimental externalities, pollution rights, and the "Coase theorem".- Taxes versus quantities for a stock pollutant with endogenous abatement costs and asymmetric information.- Walrasian prices in markets with tradable rights.- Part VI. Catastrophic risk in economic practice.- Exploring the role of emotions in decisions involving catastrophic risks: Lessons from a double investigation.- How the change of risk announcement on catastrophic disaster affects property prices.- Modeling US stock market volatility-return dependence using conditional Copula and quantile regression.- Economic Crises: Natural or Unnatural Catastrophes?
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Catastrophic Risks;Economic Theory;Extreme Events;Global Environment;Risk Management;Climate change management;climate change