Regulating activities with catastrophic environmental effects

Regulating activities with catastrophic environmental effects

In this paper a catastrophe is an unforeseen event which reduces society's level of consumption to zero. Two types of catastrophe are analyzed. In one case catastrophe results in a temporary reduction in utility; in the other, catastrophe is irreversible and is tantamount to truncating the plan...

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Veröffentlicht in:J. Environ. Econ. Manage.; (United States) 1976-01, Vol.3 (1), p.1-15
1. Verfasser: Cropper, M.L
Format: Artikel
Sprache:eng
Schlagworte:
290300 - Energy Planning & Policy- Environment, Health, & Safety
293000 - Energy Planning & Policy- Policy, Legislation, & Regulation
530200 - Environmental-Social Aspects of Energy Technologies- Assessment of Energy Technologies- (-1989)
CONSUMPTION RATES
DOMESTIC POLITICS
ENERGY
ENERGY CONSUMPTION
ENERGY PLANNING, POLICY AND ECONOMY
ENERGY SOURCES
ENVIRONMENT
ENVIRONMENTAL EFFECTS
FOSSIL FUELS
FUELS
NATURAL RESOURCES
NUCLEAR ENERGY
NUCLEAR FACILITIES
NUCLEAR POWER PLANTS
NUCLEAR POWER PLANTS AND NUCLEAR ENERGY
POLITICAL SYSTEM AS A WHOLE
POLLUTION
POWER PLANTS
PUBLIC ADMINISTRATION
PUBLIC POLICY
RADIOACTIVE EFFLUENTS
RADIOACTIVE MATERIALS
RADIOACTIVE WASTES
REGULATIONS
SOCIO-ECONOMIC FACTORS
THERMAL POWER PLANTS
UNITED STATES, 1945 TO PRESENT
WASTES
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Zusammenfassung:In this paper a catastrophe is an unforeseen event which reduces society's level of consumption to zero. Two types of catastrophe are analyzed. In one case catastrophe results in a temporary reduction in utility; in the other, catastrophe is irreversible and is tantamount to truncating the planning horizon. The first case characterizes certain types of pollution problems such as radioactive pollution produced by a nuclear power plant. An example of an irreversible catastrophe is the inadvertent depletion of a nonrenewable resource for which no substitute is available.
ISSN:0095-0696
1096-0449
DOI:10.1016/0095-0696(76)90009-7