Dynamic optimisation in the presence of threshold effects when the location of the threshold is uncertain -- with an application to a possible disintegration of the Western Antarctic Ice Sheet

DOI10.1016/J.JEDC.2005.04.004MaRDI QIDQ956549zbMATH OpenOpenAlexFDO

Authors Eric Nævdal

Publication date 25 November 2008

Published in Journal of Economic Dynamics and Control (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.jedc.2005.04.004

zbMATH Keywords

catastrophic riskclimate changeoptimal control

Mathematics Subject Classification ID

Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76) Optimal stochastic control (93E20)

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Cites work

• Accounting for global warming risks: Resource management under event uncertainty
• Consumption/pollution tradeoffs in an environment vulnerable to pollution-related catastrophic collapse
• Existence of optimal nonanticipating controls in piecewise deterministic control problems
• Expenditure patterns for risky R and D projects
• scientific article; zbMATH DE number 3476830 (Why is no real title available?)
• scientific article; zbMATH DE number 3568288 (Why is no real title available?)
• scientific article; zbMATH DE number 1241609 (Why is no real title available?)
• scientific article; zbMATH DE number 2001179 (Why is no real title available?)
• scientific article; zbMATH DE number 3992265 (Why is no real title available?)
• On conducting simultaneous versus sequential engineering activities in risky R \& D
• Optimal Growth with a Convex-Concave Production Function
• Optimal Management of a Research and Development Project
• OPTIMAL REGULATION OF NATURAL RESOURCES IN THE PRESENCE OF IRREVERSIBLE THRESHOLD EFFECTS
• Pollution control in an uncertain environment
• Regulating activities with catastrophic environmental effects
• Uncertain climate thresholds and optimal economic growth
• Uncertainty and irreversibility in groundwater resource management

Cited in

(8)

• Sustainable growth and environmental catastrophes
• Mitigating global warming: a real options approach
• On the dynamics of competing energy sources
• Renewable resource management with stochastic recharge and environmental threats
• Regime shifts and uncertainty in pollution control
• OPTIMAL REGULATION OF NATURAL RESOURCES IN THE PRESENCE OF IRREVERSIBLE THRESHOLD EFFECTS
• Optimal management with hybrid dynamics -- the shallow lake problem
• Assessments of `greenhouse insurance': a methodological review

Describes a project that uses

Uses Software

• Matlab

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