The Economics of the Global Environment Catastrophic Risks in Theory
This is the first book combining research on the Global Environment, Catastrophic Risks and Economic Theory and Policy. Modern economic theory originated in the middle of the twentieth century when industrial expansion coupled with population growth led t
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Graciela Chichilnisky Armon Rezai Editors
The Economics of the Global Environment Catastrophic Risks in Theory and Policy
Studies in Economic Theory Volume 29
Founded by Charalambos D. Aliprantis Series editors Nicholas C. Yannelis The University of Iowa, Iowa City, IA, USA Timothy J. Kehoe University of Minnesota and Federal Reserve Bank of Minneapolis, Minneapolis, MN, USA Bernard Cornet Paris School of Economics, Université Paris 1, Paris, France; and University of Kansas, Lawrence, KS, USA
More information about this series at http://www.springer.com/series/2584
Graciela Chichilnisky ⋅ Armon Rezai Editors
The Economics of the Global Environment Catastrophic Risks in Theory and Policy
123
Editors Graciela Chichilnisky Columbia University New York, NY USA
Armon Rezai Department of Socio-Economics Vienna University of Economics and Business Vienna Austria
Partly previously published in the journal Economic Theory, Volume 49(2) ISSN 1431-8849 Studies in Economic Theory ISBN 978-3-319-31941-4 DOI 10.1007/978-3-319-31943-8
ISSN 2196-9930
(electronic)
ISBN 978-3-319-31943-8
(eBook)
Library of Congress Control Number: 2016940814 © Springer International Publishing Switzerland 2016 Open Access Chapters “Sustainable Recursive Social Welfare Functions” and “Taxes Versus Quantities for a Stock Pollutant with Endogenous Abatement Costs and Asymmetric Information” are licensed under the terms of the Creative Commons Attribution-NonCommercial 2.5 International License (http:// creativecommons.org/licenses/by-nc/2.5/). For further details see license information in the chapters. This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. Printed on acid-free paper This Springer imprint is published by Springer Nature The registered company is Springer International Publishing AG The registered company address is: Gewerbestrasse 11, 6330 Cham, Switzerland
Contents
The Economics of the Global Environment—Catastrophic Risks in Theory and Practice . . . . . . . . . . . . . . . . . . .
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