This paper studies the role of cooperation and reciprocity on the structure of self-enforcing carbon sequestration contracts. The optimal contract is derived as a result of the optimizing actions of purely self-interested agents, and agents that act according to social or egoistic preferences....

Scientific evidence indicates that global warming could well lead to a sea-level rise of 1 meter or more in the 21st century. This paper seeks to quantify how a 1-meter sea-level rise that would affect coastal wetlands in 76 developing countries and territories, taking into account how much of...

A main research focus in many Social Dilemma Games is the suitability of external institutional treatments in inducing socially optimal outcomes. It is likely that participating subjects exhibit unobserved heterogeneity in their reaction to these treatments. This type of “institutional...