Preventive care should be subsidized in traditional insurance contracts since policyholders ignore the benefit of their prevention choice on the insurance premium (Ellis and Manning, 2007 JHE). We study participating policies as risk-sharing agreements among policyholders who decide how much to...

This paper develops a theoretical framework to assess the feasibility of global environmental sustainability solutions based on one or more value changes. The framework represents four sustainability paradigms (weak sustainability WS, a-growth AG, de-growth DG, strong sustainability SS) and five...

This paper develops a theoretical framework for four sustainability paradigms (weak sustainability, a-growth, de-growth, strong sustainability) within cooperative and non-cooperative scenarios, and includes changes in four values (a sense of responsibility to nature and future generations;...