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insurance policies. The risk-map paradox that we describe explains why an insurance system with simplistic maps and tariffs is … the rule. Indeed, in practice we observe simple policies, consisting of a prohibited red zone and a zone without insurance …
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Discounting is standard in economics to consider time preferences of people and account for future market changes. However, so far discounting has mainly been applied to monetary flows and ignored for many ecosystem services. In multi-objective optimization, selectively disregarding time...
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