Society often sets social standards that define thresholds of damage to society or the environment above which compensation must be paid to the state or other parties. In this article, we analyze the interdependence between the use of social standards and investment evaluation under dynamic uncertainty where a negative externality above a threshold established by society requires an assessment ...

When economic activity leads to pollution and over-use of common property resources, government intervention can improve social welfare. Pollution involves a market failure in which damages caused by a producer or consumer are imposed on third parties. These damages can involve personal health, physical deterioration of buildings, and foregone options for the future. Of course, if transactions ...

The social cost of carbon – or marginal damage caused by an additional ton of carbon dioxide emissions – has been estimated by a U.S. government working group at $21/tCO2 in 2010. That calculation, however, omits many of the biggest risks associated with climate change, and downplays the impact of current emissions on future generations. Our reanalysis explores the effects of uncertainty about ...

one of very important issues after catastrophes like war is the reconstruction of damages and also rebuilding the social life at the hurting society.  the present article is aimed at addressing reconstruction of those rural communities of kurdistan province which destroyed during iraq and iran war. the fieldwork has been done in three villages: njmar, qalajee, qalagah. using qualitative methods...

The federal government has the goal of decreasing commercial building energy consumption and pollutant emissions by incentivizing the adoption of commercial building energy codes. Quantitative estimates of code benefits at the state level that can inform the size and allocation of these incentives are not available. We estimate the state-level climate, environmental, and health benefits (i.e., ...

Many social infrastructures fail in an unexpected way, and thus it is important to make a system resilient such that it can recover from various damages in a dynamic and flexible way. In this paper, we summarize major research results on systems resilience in the literature and present future research challenges crucial to establish a solid foundation of resilience engineering.