and costs of precaution are ex-ante uncertain, and this places a risk burden on both injurers and victims. The optimal … policy should, at the same time, strike a balance between benefits and costs of the measures, and attenuate the ex-ante risk … (positive or negative) and their disposition towards risk. With corrective taxes, it also depends on the elasticity of …

assumption of (intertemporal) risk neutrality reduces the growth effect in social discounting and significantly amplifies the … importance of risk and correlation. Second, debate and models largely overlook the difference in attitude with respect to risk … and with respect to non-risk uncertainty. The paper derives the resulting changes of the risk-free and the stochastic …

intergenerational inequality aversion and for risk aversion. If growth increases (reduces) intra-generational inequality, the SDR is …