… about damages and risks. In order to analyze the SMSs in a dynamic setting, we develop
a method for solving optimal control problems when state space is divided into risky and non-…

… for environmental problems where uncertainty about risks and … within a dynamic framework
and derives conditions for when … the particular type of problem where there is no risk in one …

… model of problem with a risk threshold, and show that if a necessary condition is satisfied, …
In this section we consider an environmental problem where the variable creating the risk …

… Safe living is under risk … minimum standards by a higher share of the population would
represent an extension of the SOR of that country. As discussed below, the minimum standards …

… risk in (continuous time) dynamic resource problems. One class of risk is a continuous
incremental risk … Poisson processes in the context of Safe Minimum Standards by Nævdal [2001b]. …

… conditions 4 , where green is safe, yellow increasing risk and … if the risk of a shift is steeply
increasing, a safe standard may be … themselves are examples of such safe standards 3,4,25 . …

… toward risk that led to the concept of a safe minimum standard. … safe minimum standard
for conservation can be seen as highlighting another dimension of these dynamic resource …

… economic justification for the safe minimum standard (SMS) constraint on economic
development. SV Ciriacy-Wantrup (1968) based the SMS on the idea that risk-aversion is an …

… resource-saving technologies [17], [21]. Facing economic challenges, the society frequently
puts ecological problems … which aggravates the situation and increases risks for life activities. …

… risk of regime shift, the resource management problem is simply to maximize J(x0) with given
stock dynamics, … With the risk of regime shifts, however, two elements must be added to the …