The Economics of the Global Environment

1. The Economics of the Global Environment—Catastrophic Risks in Theory and Practice
Graciela Chichilnisky, Armon Rezai

Part I. Catastrophic Risk in Economic Theory

2. Catastrophic Risk, Rare Events, and Black Swans: Could There Be a Countably Additive Synthesis?
Peter J. Hammond

3. Preference Representations for Catastrophic Risk Analysis
Richard E. Ericson, Jamie L. Kruse

4. Modeling Decisions Involving Ambiguous, Vague, or Rare Events
Louis Narens, Donald Saari

5. Modeling Uncertainty, Context, and Information Fusion via Lattice-Based Probability
Jun Zhang, Roman Ilin

6. The Foundations of Uncertainty with Black Swans
Graciela Chichilnisky

7. The Topology of Change Foundations of Probability with Black Swans Dedicated to the Memory of Jerrold Marsden

Graciela Chichilnisky

8. Sustainable Markets with Short Sales
Graciela Chichilnisky

Part II. Ethical and Welfare Considerations

9. Sustainable Recursive Social Welfare Functions
Geir B. Asheim, Tapan Mitra, Bertil Tungodden

10. Intergenerational Equity, Efficiency, and Constructibility
Luc Lauwers

11. Sustainable Exploitation of a Natural Resource: A Satisfying Use of Chichilnisky’s Criterion
Charles Figuières, Mabel Tidball

12. The Axiomatic Approach to the Ranking of Infinite Streams
Luc Lauwers

Part III. The Environment in a Global Context

13. Nested Externalities and Polycentric Institutions: Must We Wait for Global Solutions to Climate Change Before Taking Actions at Other Scales?
Elinor Ostrom

14. Capital Growth in a Global Warming Model: Will China and India Sign a Climate Treaty?
Prajit K. Dutta, Roy Radner

15. Unspoken Ethical Issues in the Climate Affair: Insights from a Theoretical Analysis of Negotiation Mandates
Franck Lecocq, Jean-Charles Hourcade

16. Carbon Leakages: A General Equilibrium View
Jean-Marc Burniaux, Joaquim Oliveira Martins

Part IV. The Case of Climate Change

17. Chaos Control: Climate Stabilization by Closing the Global Carbon Cycle
Peter M. Eisenberger

18. Climate Change, Catastrophic Risks and Social Choice Theory
Norman Schofield

19. Discounting Utility and the Evaluation of Climate Policy
Larry Karp

20. Global Warming and Economic Externalities
Armon Rezai, Duncan K. Foley, Lance Taylor

Part V. Economic Policy and Regulation

21. Detrimental Externalities, Pollution Rights, and the “Coase Theorem”
John S. Chipman, Guoqiang Tian

22. Taxes Versus Quantities for a Stock Pollutant with Endogenous Abatement Costs and Asymmetric Information
Larry Karp, Jiangfeng Zhang

23. Walrasian Prices in Markets with Tradable Rights
Carlos Hervés-Beloso, Francisco Martínez, Jorge Rivera

Part VI. Catastrophic Risk in Economic Practice

24. Exploring the Role of Emotions in Decisions Involving Catastrophic Risks: Lessons from a Double Investigation
Olivier Chanel, Graciela Chichilnisky, Sébastien Massoni, Jean-Christophe Vergnaud

25. How the Change of Risk Announcement on Catastrophic Disaster Affects Property Prices?
Hayato Nakanishi

26. Modeling US Stock Market Volatility-Return Dependence Using Conditional Copula and Quantile Regression
Terence D. Agbeyegbe

27. Economic Crises: Natural or Unnatural Catastrophes?
Alan Kirman

Avainsanat: Economics, Economic Theory/Quantitative Economics/Mathematical Methods, Climate Change Management and Policy, Game Theory, Economics, Social and Behav. Sciences, Climate Change, Natural Hazards, Political Economy