The book is concerned with the economics of potentially fatal industrial hazards, namely the prospect of very unlikely, yet catastrophic, incidents. The first part of the analysis is devoted to the microeconomic representation of the relevant risk-preference patterns displayed by both endangered...

The book reviews monetary applications of overlapping gene- rations models and models with cash-in-advance constraints. It focuses on the implications for monetary economics. It tries to make sense of the available indeterminancy propositions. They are the most puzzling property of OGMs. The...

A model of household decisions based on a bargaining approach is developed providing a comprehensive framework for the analysis of family behavior. Treating the family as an economic organization, household behavior is explained by the cooperation of utility maximizing individuals. The...

The book is about the well-known problem that a perfectly competitive economy, even if endowed with perfect foresight, can grow in an efficient manner. The causes of this strange inefficiency are analyzed, and sufficientconditions for efficient economic growth are discussed. The most important...

The use of environmental resources involves strategic be- havior of self-interested agents, bargaining, cooperation and other efforts to provokeor settle conflicts. In order to model conflicts and cooperation in managingthese resources most papers contained in the book make use of advanced game...