Quasilinear preferences on a public good and a numeraire good are limits of preferences where both goods are normal. The set of equilibria of the voluntary contribution (or private provision) game is easily characterized under quasilinearity by: top valuators aggregately contribute their common...

Human-generated greenhouse gas emissions imperil a global resource: a biosphere capable of supporting life as we know it. What is the fair way to share this scarce resource across present and future generations and across regions of the world? This study offers a new perspective based on the...

This timely Handbook reviews many key issues in the economics of energy and climate change, raising new questions and offering solutions that might help to minimize the threat of energy-induced climate change.

Various experimental procedures aimed at measuring individual risk aversion involve a list of pairs of alternative prospects. We first study the widely used method by Holt and Laury (Am Econ Rev 92(5):1644–1655, <CitationRef CitationID="CR21">2002</CitationRef>), for which we find that the removal of some items from the lists yields a...</citationref>

Climate science indicates that climate stabilization requires low GHG emissions. Is this consistent with nondecreasing human welfare?

The paper shows that if utility is cardinally measurable and fully interpersonally comparable, if costless lumpsum transfers are possible, and if the utility profile satisfies (a) a happier person has lower marginal utility of the numeraire or wealth, and (b) “everybody is equally unhappy in...