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Extinction of the human race: Doom-mongering or reality?

Aalbers, Rob

De Economist (Netherlands), 1995-05, Vol.143 (2), p.141-161 [Periódico revisado por pares]

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Título:
Extinction of the human race: Doom-mongering or reality?
Autor: Aalbers, Rob
Assuntos: Earth ; Environmental degradation ; Functions ; Growth models ; Human race ; Studies ; Sustainable development
É parte de: De Economist (Netherlands), 1995-05, Vol.143 (2), p.141-161
Notas: ObjectType-Article-2
SourceType-Scholarly Journals-1
ObjectType-Feature-1
Descrição: A simple growth model is extended with an assimilation function that is founded on the natural sciences literature. Moreover, the possibility of a breakdown of the earth's life-support system, which implies extinction, is explicitly taken into account. Under the hypothesis of full information it is concluded that extinction can be an optimal policy. The market outcome is such that a breakdown of the life-support system is inevitable. However, if extinction is not optimal, the government may internalize the externality. It can do so by levying a traditional Pigouvian tax that must (in some cases) be accompanied by a new tax instrument, the overendowment tax.
Editor: Leiden: H. E. Stenfert Kroese
Idioma: Inglês

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