We set out a general framework to discuss carbon sequestration programs when different alternatives are available and each of them yields sequestration benefits far into the future and at varying rates. We focus on reforestations, since trees grow for a long time, at varying rates, and different...

This paper studies the role of bargaining power in coalition formation when two groups of substantially different agents negotiate over a public good with positive or negative spillovers. Both types of agent are allowed to form coalitions before the negotiations start. The forming of coalitions...

While applied national accounts are based on market costs and outputs, non-market valuation techniques yield estimates for consumer or Hicksian surplus. To integrate non-market values in national accounts we propose the Simulated Exchange Value method, which simulates the whole market (demand...