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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- JOUVET, Pierre-André, 1998.
"Voluntary contributions with uncertainty: the environmental quality,"
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1998020, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Pierre-Andr� Jouvet, 1998. "Voluntary Contributions with Uncertainty: The Environmental Quality," The Geneva Risk and Insurance Review, Palgrave Macmillan, vol. 23(2), pages 151-165, December.
- Jouvet, P.-A., 1995. "Voluntary Contributions with Uncertainty: the Environmental Quality," G.R.E.Q.A.M. 97a30, Universite Aix-Marseille III.
- Sweder van Wijnbergen & Tim Willems, 2012.
"Optimal Learning on Climate Change: Why Climate Skeptics should reduce Emissions,"
Tinbergen Institute Discussion Papers
12-085/2, Tinbergen Institute.
- Sweder van Wijnbergen & Tim Willems, 2013. "Optimal Learning on Climate Change: Why climate skeptics should reduce emissions," OxCarre Working Papers 111, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
- repec:hal:wpaper:halshs-00575067 is not listed on IDEAS
- Anastasios Xepapadeas, . "The Cost of Ambiguity and Robustness in International Pollution Control," DEOS Working Papers 1101, Athens University of Economics and Business.
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