Handbook of Environmental and Resource Economics
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Handbook of Environmental and Resource Economics

Edited by Jeroen C.J.M. van den Bergh

This major reference book comprises specially commissioned surveys in environmental and resource economics written by an international team of experts. Authoritative yet accessible, each entry provides a state-of-the-art summary of key areas that will be invaluable to researchers, practitioners and advanced students.
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Chapter 14: Endogenous Environmental Risk

T.D. Crocker and J.F. Shogren

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14 Endogenous environmental risk Thomas D.Crocker and Jason I;: Shogren 1. Introduction Environmental risk is defined by two elements - the likelihood that an unfavourable event will occur and the severity of the event if realized (for example, Wh...

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