| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w20215 |
| 来源ID | Working Paper 20215 |
| Averting Catastrophes: The Strange Economics of Scylla and Charybdis | |
| Ian W.R. Martin; Robert S. Pindyck | |
| 发表日期 | 2014-06-12 |
| 出版年 | 2014 |
| 语种 | 英语 |
| 摘要 | How should we evaluate public policies or projects to avert, or reduce the likelihood of, a catastrophic event? Examples might include inspection and surveillance programs to avert nuclear terrorism, investments in vaccine technologies to help respond to a "mega-virus," or the construction of levees to avert major flooding. A policy to avert a particular catastrophe considered in isolation might be evaluated in a cost-benefit framework. But because society faces multiple potential catastrophes, simple cost-benefit analysis breaks down: Even if the benefit of averting each one exceeds the cost, we should not necessarily avert all of them. We explore the policy interdependence of catastrophic events, and show that considering these events in isolation can lead to policies that are far from optimal. We develop a rule for determining which events should be averted and which should not. |
| 主题 | Microeconomics ; Economics of Information ; Public Economics ; National Fiscal Issues ; Environmental and Resource Economics ; Environment |
| URL | https://www.nber.org/papers/w20215 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/577888 |
| 推荐引用方式 GB/T 7714 | Ian W.R. Martin,Robert S. Pindyck. Averting Catastrophes: The Strange Economics of Scylla and Charybdis. 2014. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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