This paper is concerned with the theory of resilience pricing and sustainability measurement in the presence of risk for regime shift in a dynamic economy-environment system. Following Holling (1973),we consider resilience as the maximal perturbation that the system can absorb without flipping...

Eine prägnante Entwicklungstendenz der Finanzen des öffentlichen Sektors in den letzten Dekaden ist die Zunahme der öffentlichen Schulden. Gegenstand dieser Arbeit sind - aufbauend auf dem ökonomischen Verhaltensmodell sowie unter Verwendung des Ansatzes rationaler Erwartungen - verschiedene...

This is the first definitive introduction to behavioral economics aimed at advanced undergraduate and postgraduate students. Authoritative, cutting edge, yet accessible, it guides the reader through theory and evidence, providing engaging and relevant applications throughout

We analyze the role of "the" utility discount rate and its implications to generation-specific and societal altruism and egoism, respectively, in a neoclassical framework. It is worked out clearly, that two different utility discount rates have to be distinguished: An (inverse)...