当前位置：
X-MOL 学术
›
J. Math. Econ.
›
论文详情
Our official English website, www.x-mol.net, welcomes your
feedback! (Note: you will need to create a separate account there.)
Can harmful events be another source of environmental traps?
Journal of Mathematical Economics ( IF 1.0 ) Pub Date : 2020-08-01 , DOI: 10.1016/j.jmateco.2020.04.005 Can Askan Mavi
Journal of Mathematical Economics ( IF 1.0 ) Pub Date : 2020-08-01 , DOI: 10.1016/j.jmateco.2020.04.005 Can Askan Mavi
his paper aims to present a new explanation for environmental traps, by the presence of endogenous hazard rate. We show that adaptation and mitigation policies have different effects on the occurrence of environmental traps: the former could cause an environmental trap, whereas the latter could help society avoid such a trap, since it decreases the harmful event probability. As a result, we present a new trade-off between adaptation and mitigation policies other than the usual dynamic trade-off highlighted in many studies, which is crucial for developing countries. Contrary to the literature, when the economy is in a trap, the economy at the high environmental quality equilibrium tends to be more conservative for resource exploitation than the low environmental quality equilibrium economy, which implies a heterogeneous reaction against the endogenous hazard rate.
更新日期：2020-08-01
京公网安备 11010802027423号