Averting Catastrophes: The Strange Economics of Scylla and Charybdis

Faced with numerous potential catastrophes--nuclear and bioterrorism, mega-viruses, climate change, and others--which should society attempt to avert? A policy to avert one catastrophe considered in isolation might be evaluated in cost-benefit terms. But because society faces multiple catastrophes,...

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Bibliographic Details
Main Authors: Martin, Ian W. R. (Author), Pindyck, Robert S (Contributor)
Other Authors: Sloan School of Management (Contributor)
Format: Article
Language:English
Published: American Economic Association, 2017-05-17T19:28:47Z.
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