The planetary boundaries framework defines the “safe operating space for humanity”
represented by nine global processes that can destabilize the Earth System if perturbed. The …

We survey the rapidly growing economic literature on environmental catastrophes and the
various approaches developed to address the hovering threats. Various theoretical …

This paper provides an interpretive overview on the economics of resilience with special
reference to social–ecological systems. We address the basic sciences of regime shifts and …

Recent research in financial economics has shown that rare large disasters have the
potential to disrupt financial sectors via the destruction of capital stocks and jumps in risk …

This paper provides a review of the economics of tipping points in natural resources and
climate change economics, examining recent advances in theoretical modeling and …

Corporate inertia, stemming from a reluctance to adapt and innovate over time, poses
significant challenges in the modern business landscape, particularly in capital markets …

We develop a piecewise deterministic control model to study optimal lockdown and
vaccination policies to manage a pandemic. Lockdown is modeled as an impulse control …

Social costs for methane and carbon dioxide emissions, from the risk of climate tipping
events and deterministic damages, are derived in an analytically tractable model. In the core …

Economic analysis of catastrophic risk is a topic that unfortunately has become more
relevant since the 1960s. An important question when a vital resource stock is at risk is …

We investigate the extraction plan of present-biased decision makers managing a
renewable resource stock whose growth is uncertain and which could undergo a rapid and …