Showing 1 - 10 of 17
Much of game theory is founded on the assumption that individual players are endowed with preferences that can be represented by a real-valued utility function. However, in reality human preferences are often not transitive. This is especially true for the indifference relation, which can lead...
Persistent link: https://www.econbiz.de/10010903290
Information on ecosystem characteristics as well as economic statistics is needed to more fully inform decision makers on the impacts of climate change on human well-being. Climate change risks involve potentially large and irreversible as well as highly uncertain impacts that need to be...
Persistent link: https://www.econbiz.de/10010958919
Through a survey the authors study willingness to pay for improvements in air quality in Sofia, Bulgaria. Using a stochastic payment car approach - asking respondents the likelihood that they would agree to pay a series of prices - they estimate the distribution of willingness to pay various...
Persistent link: https://www.econbiz.de/10005079597
Countries undergoing fundamental economic and political transformations might experience differential adjustments in material well-being and empowerment. The author evaluates self-rated welfare and power changes in Timor-Leste covering the period prior to the 1999 referendum on independence from...
Persistent link: https://www.econbiz.de/10005079981
Economists have traditionally treated preferences as exogenously given. Preferences are assumed to be influenced by neither beliefs nor the constraints people face. As a consequence, changes in behaviour are explained exclusively in terms of changes in the set of feasible alternatives. Here the...
Persistent link: https://www.econbiz.de/10009245494
While self-assessments of welfare have become popular for measuring poverty and estimating welfare effects, the methods can be deceptive given systematic heterogeneity in respondents'scales. Little is known about this problem. This study uses specially-designed surveys in three countries,...
Persistent link: https://www.econbiz.de/10010829412
Habitat conservation is critical to the survival of endangered tigers. This paper develops a resource-allocation model for the protection of tiger habitats, using information on threats to particular tiger subspecies, the quality of remaining habitat areas, the observed effectiveness of habitat...
Persistent link: https://www.econbiz.de/10010829528
Biodiversity, a property of natural areas, provides a range of benefits to the economy including bioprospecting rents … countries harbor the great majority of biodiversity, and this diversity provides benefits, including knowledge and carbon … sequestration, to the whole world. However, protecting biodiversity is particularly costly for developing countries: the opportunity …
Persistent link: https://www.econbiz.de/10010829590
This paper presents a somewhat novel approach to explore the economic contribution of ecosystems. It develops linked models to capture connections between resource stocks and flows and the resulting microeconomic and macroeconomic impacts. A bioeconomic model is developed that is imbedded into a...
Persistent link: https://www.econbiz.de/10010829740
Scientific evidence indicates that global warming could well lead to a sea-level rise of 1 meter or more in the 21st century. This paper seeks to quantify how a 1-meter sea-level rise that would affect coastal wetlands in 76 developing countries and territories, taking into account how much of...
Persistent link: https://www.econbiz.de/10010829766