Schubert, Katheline, and Sjak Smulders. “How important are uncertainty and dynamics for environmental and climate policy? Some analytics.” Journal of Environmental Economics and Management 97 (2019): 1-22.
We introduce ten papers on sustainable resource dynamics. In addition, we provide analytical results on the effect of stochastic damages on optimal economic growth, the effects of habits and loss aversion on the cost-benefit discount rate, and the effect of a carbon budget and carbon capture and storage (CCS) on optimal investment in technical change.