The quasi-linear quadratic utility model is widely used in economics. The knowledge of its exact origin is less …

Recursive utility functions are often defined implicitly, as the solution of a functional equation known as the …

While the global economy continues to grow, ecosystem services tend to stagnate or decline. Economic theory has shown … been sparse to put theory into practice. To estimate relative price changes in ecosystem services to be used for making …

While the global economy continues to grow, ecosystem services tend to stagnate or decline. Economic theory has shown … empirical evidence has been sparse to put theory into practice. To estimate the relative price change in ecosystem services that …

We study how income inequality affects the social value of a dynamic public good, such as natural capital. Our theory … values between study and policy contexts, or to up-scale values from study sites to the national scale. Our theory provides …

payers act according to some non-expected utility theory, and (2) Individual ethical norms and social stigma induce people … subjective probabilities of being penalised according to the rank dependent utility theory, and (2) Tax payers' beliefs about … utility theory. The model explains data 53% better than pure random choices and predicts hours worked in the regular economy …

We argue that with interdependent utility functions growth can lead to a decline in total welfare of a society if the …