Catastrophes and ex post shadow prices—How the value of the last fish in a lake is infinity and why we should not care (much)
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DOI: 10.1016/j.jebo.2016.04.021
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More about this item
Keywords
Catastrophic risk; Fisheries; Optimal control; Shadow prices;All these keywords.
JEL classification:
- C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis
- Q22 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Fishery
- Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
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