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	Provedor de dados AgEcon (1) Autor Margolis, Michael (1) Naevdal, Eric (1) Palavra-chave C61 (1) Critical zone (1) Mixed risk spaces (1) Optimal control (1) Q20 (1) Q30 (1) Risk and Uncertainty (1) Safe minimum standards (1) Threshold effects (1) Mais... Tipo do documento Working or Discussion Paper (1) Ano 2004 (1) País United States (1) Idioma Inglês (1)		Ordenar por:  Relevância Autor Título Ano Registros recuperados: 1 Primeira ... 1 ... Última Safe Minimum Standards in Dynamic Resource Problems -- Conditions for Living on the Edge of Risk AgEcon Margolis, Michael; Naevdal, Eric. Safe Minimum Standards (SMSs) have been advocated as a policy rule for environmental problems where uncertainty about risks and consequences are thought to be profound. This paper explores the rationale for such a policy within a dynamic framework and derives conditions for when SMSs can be summarily dismissed as a policy choice and for when SMSs can be defended as an optimal policy based on standard economic criteria. We have determined that these conditions can be checked with quite limited information about damages and risks. In order to analyze the SMSs in a dynamic setting, we have developed a method for solving optimal control problems where the state space is divided into risky and non-risky subsets. Tipo: Working or Discussion Paper Palavras-chave: Safe minimum standards; Optimal control; Critical zone; Threshold effects; Mixed risk spaces; Risk and Uncertainty; C61; Q20; Q30. Ano: 2004 URL: http://purl.umn.edu/10568 Registros recuperados: 1 Primeira ... 1 ... Última

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