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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
The Economics of the Global Environment: Catastrophic Risks in Theory and Policy

The Economics of the Global Environment: Catastrophic Risks in Theory and Policy

Rezai, Armon
Chichilnisky, Graciela

Hardcover

Series: Studies in Economic Theory, Book 29

EconomicsEnvironmental StudiesGeneral Mathematics

ISBN10: 3319319418
ISBN13: 9783319319414
Publisher: Springer
Published: May 30 2017
Pages: 649
Weight: 2.41
Height: 1.38 Width: 6.14 Depth: 9.21
Language: English

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 growth in 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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