We extend the WITCH model to consider the possibility to produce and trade electricity generated by large scale concentrated solar power plants in highly productive areas that are connected to the demand centres through High Voltage Direct Current (HVDC) cables. We find that it becomes optimal...

There are multiple dimensions of trust. The standard meaning I call "strategic trust." But more important is "moralistic trust," which does not stem from experience, but rather is learned early in life and is largely stable over time. Moralistic trust leads people to do good works such as...

This paper examines factors that may influence the estimates of the Value of a Statistical Life obtained from contingent valuation surveys that elicit the willingness to pay (WTP) for mortality risk reductions. We examine the importance of distributional assumptions, the choice of the welfare...