Learning and Irreversibility: An Econmic Interpretation of the "Precautionnary Principle"
AbstractWe consider the problem of the optimal use of a good whose consumption can produce damages in the future. Potential damages are proportional to the accumulated lifetimeconsumption of the good. Scientific progress is made over time that provides information on the distribution of the intensity of potential damages.
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Bibliographic InfoPaper provided by Toulouse - GREMAQ in its series Papers with number 97.470.
Length: 24 pages
Date of creation: 1997
Date of revision:
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RISK ; SAVINGS ; ENVIRONMENT;
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- Q28 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Government Policy
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"Voluntary Contributions with Uncertainty: The Environmental Quality,"
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- Jouvet, P.-A., 1995. "Voluntary Contributions with Uncertainty: the Environmental Quality," G.R.E.Q.A.M. 97a30, Universite Aix-Marseille III.
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