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I consider the effect of empathy towards others on the internalization of interpersonal externalities and on private …
Persistent link: https://www.econbiz.de/10012629475
This paper extends our earlier analysis of interdependent security issues to a general class of problems involving discrete interdependent risks with heterogeneous agents. There is a threat of an event that can only happen once, and the risk depends on actions taken by others. Any agent's...
Persistent link: https://www.econbiz.de/10012468812
-benefit analysis. We discuss two dominant approaches, the first based on market prices, and the second based on intertemporal ethics …
Persistent link: https://www.econbiz.de/10012510532