We consider the effect of an increase in the risk from pollution. We show that in the case of a flow pollution, when … the number of players is sufficiently large, the result of Bramoulle and Treich, 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 …

This paper examines how cooperation in an insurance game depends on risk preferences and the riskiness of income. It … of the discount factor above which perfect risk sharing is self-enforcing. When agents face no aggregate risk, there is … of idiosyncratic and aggregate risk. In the case of exponential (isoelastic) utility, cooperation depends positively on …

of IEA formation when countries are risk neutral and another that explores the implications of uncertainty and risk …This paper analyses the formation of international environmental agreements (IEAs) under uncertainty, focusing on the … role of learning and risk aversion. It bridges two strands of literature: one focused on the role learning for the success …

uncertainty about the prevailing social norm. This distortion is different in nature from the typical distortion due to a con ict …

We study the long-run behavior of an economy where agents who are heterogeneous with respect to risk attitudes can … states where all types may still be present, risk lovers specialize in rent seeking, and the available rents are perfectly …

information when possible to reduce their demand uncertainty, which led to output reductions in some demand states. Risk aversion … tacit collusion under conditions of demand uncertainty. Sellers in these repeated laboratory markets generally shared …