Some consumption opportunities, e.g. medical treatments, are both indivisible and only valuable in particular states of nature. The existence of such state-dependent indivisible consumption opportunities influences a person's risk attitudes. In general, people are not risk averse anymore even if...

Inefficient use of water represents a major source of direct cost of water production, but especially of excessive energy use to purify it. Greater efficiency could be achieved if management were supported by objective data in addition to the rules of good practice that have been disseminated....