REGULATING ENVIRONMENTAL THREATS
| dc.creator | Tsur, Yacov | |
| dc.creator | Zemel, Amos | |
| dc.date | 2017-04-01T18:12:22Z | |
| dc.date.accessioned | 2026-07-09T02:49:44Z | |
| dc.description | Environmental consequences of natural resource exploitation often entail threats of future occurrences of detrimental abrupt events rather than (or in addition to) inflicting a damage gradually. The possibility of abrupt occurrence of climate-change related calamities is a case in mind. The uncertainty associated with the realization of these threats and their public-bad nature complicate the determination of optimal economic response. We analyze the regulation of such environmental threats by means of a Pigouvian hazard tax, based on the shadow cost of the hazard-generating activities. A numerical example illustrates possible effects of the proposed regulation scheme. | |
| dc.identifier | doi:10.22004/ag.econ.7150 | |
| dc.identifier | https://ageconsearch.umn.edu/record/7150/files/dp060001.pdf | |
| dc.identifier | http://ageconsearch.umn.edu/record/7150 | |
| dc.identifier.uri | http://hdl.handle.net/123456789/520874 | |
| dc.language | eng | |
| dc.publisher | ||
| dc.source | http://ageconsearch.umn.edu/record/7150 | |
| dc.title | REGULATING ENVIRONMENTAL THREATS | |
| dc.type | Text |