Global environmental phenomena like climate change, major extinction events or flutype pandemics can have catastrophic consequences. By properly assessing the outcomes involved – especially those concerning human life – economic theory of choice under uncertainty is expected to help people...

While international and national policies call for containing urban expansion to conserve agricultural and natural lands, France is still experiencing a relatively strong sprawl. So we analyze the determinants of land-use plans favoring a parsimonious allocation of land to urban development. A...