This paper demonstrates the potential for induced preference experiments to test previously unverified explanations of … potential biases in the double referendum format. We test Carson, Groves, and Machina's (Incentives and informational properties …

-time investment in damage-control technology and subsequently decides on a desirable dynamic emissions policy. Adopting the robust … optimal investment in damage control is always increasing in the degree of uncertainty, thus confirming the conventional PP … cost of damage-control technology is low enough, damage-control investment and mitigation may act as substitutes and a PP …

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 study investigates the impact of climate change adaptation on farm households’ downside risk exposure in the Nile … characteristics of farmers and their farm. We find that past adaptation to climate change (i) reduces current downside risk exposure …, and so the risk of crop failure; (ii) would have been more beneficial to the non-adapters if they adapted, in terms of …