全球智库信息集成服务系统(G2TT): Averting Catastrophes that Kill

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w23346
来源ID	Working Paper 23346
	Averting Catastrophes that Kill
	Ian Martin; Robert S. Pindyck
发表日期	2017-05-01
出版年	2017
语种	英语
摘要	We face a variety of potential catastrophes; nuclear or bioterrorism, a climate catastrophe, and a "mega-virus" are examples. Martin and Pindyck (AER 2015) showed that decisions to avert such catastrophes are interdependent, so that simple cost-benefit analysis breaks down. They assumed that catastrophic events cause "destruction," i.e., a reduction in the stream of consumption. But some catastrophes cause death instead of, or in addition to, destruction. Here we incorporate death in a model of catastrophe avoidance, and show how it affects the interdependence of catastrophic events and the "willingness to pay" to avoid those events.
主题	Microeconomics ; Economics of Information ; Public Economics ; National Fiscal Issues ; Environmental and Resource Economics ; Environment
URL	https://www.nber.org/papers/w23346
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/581020
推荐引用方式 GB/T 7714	Ian Martin,Robert S. Pindyck. Averting Catastrophes that Kill. 2017.