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between the predictions provided by theory and the corresponding outcomes in practice. In particular, the author challenges … the theory behind Payments for Environmental Services (PES), a concept derived from neoclassical welfare economics, by …", Oxford University Press 2011) "Philipp Aerni offers a most useful critical assessment of the theory and practice of payments …
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Property rights and sustainable development / by Terry L. Anderson -- The skeptical environmentalist / by Bjørn Lomborg -- Economic growth, technological change and human well-being / by Indur M. Goklany -- Income and the race to the top / by Bruce Yandle, Maya Vijayaraghavan, and Madhusudan...
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In this paper, we extend the well known result that hyperbolically discounting agents tend to postpone costs into the future. In a simple model we show that, without commitment to the ex ante optimal plan, no investment in environmental protection is undertaken over the whole time horizon, no...
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