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., Pindyck, Robert S
Other Authors: Sloan School of Management
Format: Article
Language:en_US
Published: American Economic Association 2017
Online Access:http://hdl.handle.net/1721.1/109147
https://orcid.org/0000-0001-8296-9875