Coping with Multiple Catastrophic Threats

Yacov Tsur, Amos Zemel

Research output: Contribution to journalArticlepeer-review

7 Scopus citations


We study intertemporal policies for dealing with multiple catastrophic threats with endogenous hazards, allowing, inter alia, for gradual mitigation efforts that accumulate to reduce occurrence risks. The long-run properties of the optimal policies are characterized in terms of the key parameters (damage, hazard sensitivity and natural degradation rate) associated with each type of catastrophic threat. Effects of background threats on the optimal response to a potential catastrophe are illustrated numerically.

Original languageEnglish
Pages (from-to)175-196
Number of pages22
JournalEnvironmental and Resource Economics
Issue number1
StatePublished - 1 Sep 2017


  • Endogenous hazards
  • Intertemporal policy
  • Long-run properties
  • Multiple catastrophes

ASJC Scopus subject areas

  • Economics and Econometrics
  • Management, Monitoring, Policy and Law


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