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Information and the Dynamics of Environmental Protection: The Concept of the Critical Period

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Author Info
Fisher, Anthony C
Hanemann, W Michael
Abstract

Earlier work on environmental decisions under uncertainty is extended from two periods to many, permitting treatment of a richer variety of problems. Implications for pollution control policy of several different kinds of ecosystem recovery dynamics are considered in the context of improving information about ecosystem behavior and preferences for environmental goods. Multiperiod analogs of the two-period concept of (quasi) option value are developed. Copyright 1990 by The editors of the Scandinavian Journal of Economics.

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Publisher Info
Article provided by Blackwell Publishing in its journal Scandinavian Journal of Economics.

Volume (Year): 92 (1990)
Issue (Month): 3 ()
Pages: 399-414
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Handle: RePEc:bla:scandj:v:92:y:1990:i:3:p:399-414

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  1. Maria Cunha-E-Sá & Clara Costa-Duarte, 2000. "Endogenous Future Preferences and Conservation," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 16(2), pages 253-262, June. [Downloadable!] (restricted)
  2. Cesare Dosi & Michele Moretto, 1997. "Pollution Accumulation and Firm Incentives to Accelerate Technological Change Under Uncertain Private Benefits," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 10(3), pages 285-300, October. [Downloadable!] (restricted)
  3. Marc Baudry, 2000. "Joint Management of Emission Abatement and Technological Innovation for Stock Externalities," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 16(2), pages 161-183, June. [Downloadable!] (restricted)
  4. Asbjørn Torvanger, 1997. "Uncertain climate change in an intergenerational planning model," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 9(1), pages 103-124, January. [Downloadable!] (restricted)
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