Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/155033
Authors: 
Bosello, Francesco
Moretto, Michele
Year of Publication: 
1999
Series/Report no.: 
Nota di Lavoro, Fondazione Eni Enrico Mattei 80.1999
Abstract: 
When economic agents decide their optimal environmental behavior, they have to take into account non continuos evolutionary trends and irreversible changes characterising environmental phenomena. Given the still non perfect biophysical and economic knowledge, decisions have to be taken in an uncertain framework. The paper analyses in the specific how agents' optimal choices are affected by the presence of a future possible, but uncertain catastrophic occurrence provoked by a climate collapse due to global warming.
Subjects: 
Climate change
irreversibility
endogenous-exogenous uncertainty
JEL: 
C5
D8
D9
O2
Q2
Document Type: 
Working Paper

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