Exogenous Hazard Rates and Precautionary Behaviour in Resource Economic Dynamics (Record no. 134651)

MARC details
000 -LEADER
fixed length control field 01450nas a2200205Ia 4500
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
fixed length control field 241128c99999999xx |||||||||||| ||und||
022 ## - INTERNATIONAL STANDARD SERIAL NUMBER
International Standard Serial Number 1573-1502
100 ## - MAIN ENTRY--PERSONAL NAME
Personal name Naevdal, Eric
9 (RLIN) 124008
245 #0 - TITLE STATEMENT
Title Exogenous Hazard Rates and Precautionary Behaviour in Resource Economic Dynamics
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Name of publisher, distributor, etc. Environmental and Resource Economics
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Date of publication, distribution, etc. 2024
300 ## - PHYSICAL DESCRIPTION
Extent 2543-2569
520 ## - SUMMARY, ETC.
Abstract Economic analysis of catastrophic risk is a topic that unfortunately has become more relevant since the 1960s. An important question when a vital resource stock is at risk is whether one should invest more in the stock to create a buffer against a catastrophe or allow the stock to decrease as risk makes its future value decrease. The present paper analyses exogenous catastrophic risk where the probability of catastrophe cannot be controlled. Conditions for when precautionary behaviour is optimal are given with general functional forms. The paper analyses both problems with a single catastrophe and problems with an infinite sequence of catastrophes. It is shown that most of the results pertaining to a single catastrophe carry over to the case with an infinite number of catastrophes.
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Dynamic Optimization
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Exogenous Hazard Rate
9 (RLIN) 124009
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Population Growth
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Precautionary Behaviour
9 (RLIN) 124010
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Catastrophic Risk
9 (RLIN) 124011
856 ## - ELECTRONIC LOCATION AND ACCESS
Uniform Resource Identifier <a href="https://doi.org/10.1007/s10640-024-00896-5">https://doi.org/10.1007/s10640-024-00896-5</a>
999 ## - SYSTEM CONTROL NUMBERS (KOHA)
Koha biblionumber 134651
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Withdrawn status Lost status Damaged status Not for loan Home library Current library Date acquired Serial Enumeration / chronology Total Checkouts Barcode Date last seen Price effective from Koha item type
        Dr VKRV Rao Library Dr VKRV Rao Library 28/11/2024 Vol. 87, No. 10   AI909 28/11/2024 28/11/2024 Article Index