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Replication data for: Averting Catastrophes: The Strange Economics of Scylla and Charybdis

Version
V0
Resource Type
Dataset
Creator
  • Martin, Ian W. R.
  • Pindyck, Robert S.
Publication Date
2015-10-01
Description
  • Abstract

    Faced with numerous potential catastrophes—nuclear and bioterrorism, mega-viruses, climate change, and others—which should society attempt to avert? A policy to avert one catastrophe considered in isolation might be evaluated in cost-benefit terms. But because society faces multiple catastrophes, simple cost-benefit analysis fails: even if the benefit of averting each one exceeds the cost, we should not necessarily avert them all. We explore the policy interdependence of catastrophic events, and develop a rule for determining which catastrophes should be averted and which should not. (JEL D61, Q51, Q54)
Availability
Download
Relations
  • Is supplement to
    DOI: 10.1257/aer.20140806 (Text)
Publications
  • Martin, Ian W. R., and Robert S. Pindyck. “Averting Catastrophes: The Strange Economics of Scylla and Charybdis.” American Economic Review 105, no. 10 (October 2015): 2947–85. https://doi.org/10.1257/aer.20140806.
    • ID: 10.1257/aer.20140806 (DOI)

Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-10-12

Martin, Ian W. R.; Pindyck, Robert S. (2015): Replication data for: Averting Catastrophes: The Strange Economics of Scylla and Charybdis. Version: V0. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/E112993