Managing Thresholds and Uncertainty in Resource Economics

Project managerEric Nævdal
ClientNorges forskningsråd
Client project no.196199
ParticipantsSimen Gaure
Michael Oppenheimer
Jon Vislie
Period2010 - 2012 (ended)

Project description

The project aims at developing methods that enables the integration of scientific knowledge on threshold effects in natural systems into economic models of decision making. The focus is to close gaps in the mathematical theory of dynamic optimization required to solve problems where threshold effects are important. Examples of issues where threshold effects have been identified as important includes: Climate change, eutrophication, population harvesting and zootic epidemiological dynamics. The project aims to develop relevant mathematical techniques and show their usefulness by examining relevant applications in ecosystem management and climate change.


Scientific Journal

Nævdal, EricProductivity and Management of Renewable Resources: Why More Efficient Fishing Fleets Should Fish Less2022Environmental and Resource Economics Online[PDF] [DOI]
Nævdal, EricNew Insights from the Canonical Ramsey-Cass-Koopmans Growth Model2020Macroeconomic Dynamics [DOI]
Crepin, Anne-Sophie and Eric NævdalInertia in risk; improving economic models of catastrophes2019The Scandinavian Journal of Economics 1-27[PDF] [DOI]
Nævdal, Eric and Anders SkonhoftNew Insights from the Canonical Fisheries Model - Optimal Management when Stocks are Low2018Journal of Environmental Economics and Management Vol 92, 125-133[PDF] [DOI]
Nævdal, EricCatastrophes and ex post shadow prices—How the value of the last fish in a lake is infinity and why we should not care (much)2016Journal of Economic Behavior and Organization Vol 132, 153-160[DOI]

Book chapter

Nævdal, EricSafe Minimum Standard (SMS)2013[PDF]


This series is published by the Department of Economics, University of Oslo, in cooperation with the Frisch Centre. The list below only contains those memoranda written in connection with projects at the Frisch Centre. A complete list of memoranda is found at http://urn.nb.no/URN:NBN:no-7118

Nævdal, EricCatastrophes and Expected Marginal Utility – How the Value of The Last Fish in a Lake is Infinity and Why We Shouldn’t Care (Much)2015No. 8[PDF]

CREE Working Paper

CREE is the Oslo Centre for Environmentally friendly Energy. Here you will only find the publications written by authors here at the Frisch Centre. A complete list is located at https://www.frisch.uio.no/prosjekter/cree/publications/CREE_working_papers/

Crépin, Anne-Sophie, Eric NævdalInertia in risk; improving economic models of catastrophes2017No. 2[PDF]

Frisch Report

Nævdal, Eric, Anders SkonhoftNew Insights from the Canonical Fisheries Model2018No. 3[PDF]