Taking time for the environment: On timing and the role of delays in environmental and resource economics
Bretschger,Lucas Smulders,Sjak
Bretschger,Lucas
Smulders,Sjak
Abstract
Ecosystem transformation and climate change evolve over long time scales. The effects of the economic decisions on the natural environment are also of a long-run character because they relate to investment decisions and capital stocks. At the same time, the economy is short-sighted and subject to different kinds of market failures. The time it takes to notice the changes and adequately address the associated problems affects the dynamics and inertia of the process. We discuss some recent contributions and new research questions that deal with time and timing in environmental and resource economics.
Description
Date
2018-08
Journal Title
Journal ISSN
Volume Title
Publisher
Research Projects
Organizational Units
Journal Issue
Keywords
Time, Inertia, Environmental policy, Climate change, Decision delay, Q20 - General, Q32 - Exhaustible Resources and Economic Development, Q54 - Climate ; Natural Disasters and Their Management ; Global Warming, SDG 8 - Decent Work and Economic Growth, SDG 13 - Climate Action
Citation
Bretschger, L & Smulders, S 2018, 'Taking time for the environment : On timing and the role of delays in environmental and resource economics', Environmental & Resource Economics, vol. 70, no. 4, pp. 731-736. https://doi.org/10.1007/s10640-017-0175-y
License
info:eu-repo/semantics/closedAccess