Mler, Karl-Gran; Fisher, Anthony - In: Handbook of environmental economics : volume 2, Valuing …, (pp. 571-620). 2005
-contingent consumer's surplus and the state-contingent marginal utility of wealth and a second term representing risk aversion. This … consumer's surplus is determined by the covariance between preferences and consumer's surplus and risk aversion. The sign of …. We then apply this result to the allocation of risk in the context of both public and private goods. In Section 3, we …
