The potential approach of value theory is extended with respect to a new characterizing property called conservation giving a clear interpretation of the potential. Many analogues between game theory and physics are presented. Particularly, there is a theorem of conservation of energy analogous...

The potential approach of value theory is extended with respect to a new characterizing property called conservation giving a clear interpretation of the potential. Many analogues between game theory and physics are presented. Particularly, there is a theorem of conservation of energy analogous...

This volume will present experimental economics research focusing on issues of environmental quality and sustainability. Specific topics will include institutions for cap-and-trade, eco-tourism, urban sprawl, and optimal pollution control strategies. In addition to the traditional...