This paper revisits the Tragedy of the Commons - a Pareto-dominated overuse of a common resource - through the lenses of Stoicism, and, in particular, of the Stoic discipline of desires, according to which one should wish for nothing that is not under one's control. When the Stoic discipline of...

Welfare States do not insure citizens against the risk of premature death, i.e., the risk of having a short life. Using a dynamic OLG model with risky lifetime, this paper compares two insurance devices reducing well-being volatility due to the risk of early death: (i) an ante-mortem age-based...