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approaches to the theorem interpretation generate conflicts in a perception and identification of externalities. It is a solution … theorem statement has been made clearer; we have also put forward a hypothesis on an origin of the externalities and … utility of impure goods depends on the vector of the externalities, which ultimately determines the stratification in a field …
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International climate negotiations take place in a setting where uncertainties regarding the impacts of climate change …
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International climate negotiations take place in a setting where uncertainties regarding the impacts of climate change …
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We apply the aggregation property of Identical Shape Harmonic Absolute Risk Aversion (ISHARA) utility functions to analyze the comparative statics properties of a bargaining model with uncertainty. We identify sufficient and necessary conditions under which an increase in one's degree of risk...
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demonstrating that reference dependent shifts in risk attitude are essential to a descriptive theory of bargaining …
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