Abstract From modest beginnings in the 1960s, environmental economics has grown to be a major subdiscipline of economics. It combines traditional work in the field of welfare economics and the theory of economic growth with more recent perspectives on the political economy of choosing policy...

The use of cost?benefit analysis (CBA) in British environmental policy has gone through several stages. Early applications of CBA tended to ignore environmental impacts altogether, leave them for a subsidiary 'impact analysis', or provide only a partial monetization of impacts. Currently, CBA is...

Nash' noncooperative and cooperative foundations for "bargaining with threats" are reinterpreted to achieve equilibrium selection in infinitely repeated two player games. The analysis is then extended to stochastic games, where players' choices affect the state transition matrix. Sufficient...