Bilateral joint ventures, such as marriage, are economically inspired by their prospects of labor division and specialization. However, specialization makes the partnerwho investsmore in relation-specificqualificationsmore exploitable (holdup problem). In a two-person experiment we study...

Mountain regions represent about one fourth of the earth's surface area and provide a significant share of goods and services to humanity. In this book, the authors demonstrate how alpine environments throughout the world are particularly vulnerable to global environmental change. Alpine...