Benchekroun, Hassan; Long, Ngo Van - In: Strategic Behavior and the Environment 4 (2014) 1, pp. 1-14
We consider the effect of an increase in the risk from pollution. We show that in the case of a flow pollution, when … Association</italic>, 2009], showing that a marginal increase of risk in the neighborhood of a risk-free world is welfare …-improving, holds even when we consider non-marginal increases in risk and for any initial values of the risk. By contrast, in the case …