The Economic and Policy Consequences of Catastrophes

What is the likelihood that the U.S. will experience a devastating catastrophic event over the next few decades – something that would substantially reduce the capital stock, GDP and wealth? What does the possibility of such an event imply for the behavior of economic variables such as investment, i...

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Dettagli Bibliografici
Autore principale: Pindyck, Robert S.
Natura: Working Paper
Lingua:en_US
Pubblicazione: MIT Center for Energy and Environmental Policy Research 2010
Accesso online:http://hdl.handle.net/1721.1/51710