Uncertainty in environmental economics¶
Pindyck, R. S. (2007). Uncertainty in environmental economics. Review of Environmental Economics and Policy, 1(1), 45-65.
Cited by¶
1 citation across 1 artifact.
Each citation links to the sentence it supports in the citing article.
Primes¶
- Reversibility Horizon
- Actions are not intrinsically reversible or irreversible; rather, they become effectively irreversible as circumstances change—a framing Pindyck (2007) emphasizes in his analysis of how irreversibility and uncertainty jointly shape environmental and economic decision-making.
This sourceTreats reversibility as a dynamic function of time, accumulating damages, and learning; argues that irreversibility plus uncertainty jointly determine when commitment becomes rational.
Supported in partVerified against the work's full text
Pindyck (2007) supports the point that irreversibility and uncertainty jointly shape environmental policy timing, but treats irreversibility as a property of sunk costs and damage, not as something actions 'become' as circumstances change.
“those irreversibilities interact in a sometimes complicated way with uncertainty.”
- Actions are not intrinsically reversible or irreversible; rather, they become effectively irreversible as circumstances change—a framing Pindyck (2007) emphasizes in his analysis of how irreversibility and uncertainty jointly shape environmental and economic decision-making.
Verification¶
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