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The 1980s and 1990s have been a period of exciting new developments in the modelling of decision-making under risk and uncertainty. Extensions of the theory of expected utility and alternative theories of `non-expected utility' have been devised to explain many puzzles and paradoxes of individual and collective choice behaviour. This volume presents some of the best recent work on the modelling of risk and uncertainty, with applications to problems in environmental policy, public health, economics and finance. Eighteen papers by distinguished economists, management scientists, and statisticians shed new light on phenomena such as the Allais and St. Petersburg paradoxes, the equity premium puzzle, the demand for insurance, the valuation of public health and safety, and environmental goods. Audience: This work will be of interest to economists, management scientists, risk and policy analysts, and others who study risky decision-making in economic and environmental contexts.
This book critically assesses the suggestion that strengthening existing international prohibitions against state-level acquisition of Weapons of Mass Destruction could safeguard against the possibility of their use by terrorists targeting civilians.
THE CONCEPTION OF THIS VOLUME This volume, Cardinalism, has been initiated by Ole Hagen, and is now published due to his perseverance and to Kluwer Academic Publishers. Because of various activities and duties, my contribution to the general conception of this volume has only been formal, and all the credit for it is due to Ole Hagen. I should also emphasize that the responsibility for the year's delay in the publishing of this volume is entirely mine, for two reasons. First of all, I have been involved in many works in very different fields. Second, the English translation of my 1943 contribution to the concept of cardinal utility took some time. The points of view the reader will find in t...
This reference work continues a comprehensive series chronicling men's chess competitions. Listed in this volume are the results of chess competitions from all over the world--including individual and team matches--from 1986 through 1988. Entries record location and, when available, the group that sponsored the event. First and last names of players are included whenever possible and are standardized for easy reference. Compiled from contemporary sources such as newspapers, periodicals, tournament records and match books, this work contains 843 tournament crosstables and 130 match scores, and is indexed by events and by players.
This major reference work the first of its kind provides a comprehensive and authoritative introduction to the large and growing literature on contingent valuation. It includes entries on over 7,500 contingent valuation papers and studies from over 130 countries covering both the published and grey literatures. This book provides an interpretive historical account of the development of contingent valuation, the most commonly used approach to placing a value on goods not normally sold in the marketplace. The major fields catalogued here include culture, the environment, and health application. This bibliography is an ideal starting point for researchers wanting to find other studies that have...
Failed attempts at producing ambitious global climate commitments and instruments have made it increasingly important for nation states to deliver climate policies. This in turn requires a better understanding of national climate policymaking. In this book, Elin Lerum Boasson develops an innovative and well-grounded analytical framework for assessing national climate-policy development. Why do national climate policies emerge and change? This question is underpinned by the role played by different actors and the kind social mechanism at work. Boasson asks, to what extent and how is the emergence and change of climate policy influenced by: politicians and the national political fields; busine...
A comprehensive collection of leading articles important in the development of the use of emissions trading to control air pollution, from its earliest implementation in the USA in 1976, to its application to global warming in the Kyoto Protocol. Each volume offers an introduction by the editor, Tom Tietenberg, presenting a history of the evolution of the field as well as a guide to the collected papers that follow. Volume One contains the theoretical and empirical work that underpinned the development of this particular policy instrument as well as a discussion of some of the major design issues. Volume Two focuses on implementation and presents examples of the major programs now in existence.
Consumer Law and Practice provides undergraduate students and those studying the LPC with concise yet comprehensive guidance. It is also a useful aid for practitioners (including those advising businesses) and non-lawyers requiring information which can be quickly understood. Using an innovative problem-solving approach to the subject, we focus on situations in which clients may find themselves and explain how the law deals with such situations. "Between the covers is a mine of information clearly and accurately set out ... a valuable tool for non-specialist and specialist alike." The Law Society's Gazette