I think existence is the resource. Risky behavior and risk-mitigating behavior both impact the probabilities of such resource in the future. The fundamental resource (enjoying existence when disaster has not happened yet) is non-rivalrous and non-excludable. Funding for risk-mitigating projects is both rivalrous and excludable—that’s just normal goods. Allowing risk-increasing behaviors is … difficult to model.
I think existence is the resource. Risky behavior and risk-mitigating behavior both impact the probabilities of such resource in the future. The fundamental resource (enjoying existence when disaster has not happened yet) is non-rivalrous and non-excludable. Funding for risk-mitigating projects is both rivalrous and excludable—that’s just normal goods. Allowing risk-increasing behaviors is … difficult to model.