Recent Publications By Year

Publications by Authors


Contact Us

The Department of Environmental Economics and Management

The Robert H. Smith Faculty
of Agriculture, Food and Environment
The Hebrew University of Jerusalem

PO Box 12, Rehovot 76100
Fax: 08-9466267

Department Head:
Prof. Ayal Kimhi, Tel: 08-9489376

Head of the teaching program:
Prof.Iddo Kan, Tel: 08-9489233

Miri Arazi, Tel: 08-9489230

Coping with Multiple Catastrophic Threats


Tsur, Y. ; Zemel, A. Coping with Multiple Catastrophic Threats. Environmental and Resource Economics 2017, 68, 175 - 196.

Date Published:



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.

Publisher's Version

Last updated on 06/18/2020