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| Author: | Fisher, A. C. Narain, U. |
| Title: | Global warming, endogenous risk, and irreversibility |
| Journal: | Environmental and Resource Economics
2003 : AUG, VOL. 25:4, p. 395-416 |
| Index terms: | Environmental economics Pollution Air pollution Risk management |
| Language: | eng |
| Abstract: | The author develops two-period analytical and numerical models to study the question: given a stock of greenhouse gases that poses a risk of future damages of unknown magnitude, and the possibility of learning about damages of unknown magnitude, and the possibility of learning about damages, how do sunk abatement capital and a nondegradable stock of greenhouse gases affect optimal first-period investment? stock |
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