NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Averting Catastrophes: The Strange Economics of Scylla and Charybdis

Ian W.R. Martin, Robert S. Pindyck

NBER Working Paper No. 20215
Issued in June 2014

---- Acknowledgements -----

Our thanks to Robert Barro, Simon Dietz, Christian Gollier, Derek Lemoine, Bob Litterman, Deborah Lucas, Antony Millner, Gita Rao, Edward Schlee, V. Kerry Smith, Nicholas Stern and seminar participants at LSE, Harvard, MIT, the University of Arizona and ASU for helpful comments and suggestions. There are no relevant outside financial relationships. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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