Environments with public goods are a wonderful playground for those interested in delicate
experimental problems, serious theoretical challenges, and difficult mechanism design …

This survey investigates the increasing importance of global public goods (GPGs) in today's
interdependent world, driven by ever-growing, cross-border externalities and public good …

The standard prescription for increased tax compliance has long been more frequent audits
and more stringent penalties. Recently, however, another potential govern-ment strategy …

This paper applies modern concepts from the theory of public goods to indicate why
progress has been made with respect to some global and regional public goods (for …

Despite general awareness of the importance of keeping one's system secure, and
widespread availability of consumer security technologies, actual investment in security …

Agrobiodiversity can provide natural insurance to risk‐averse farmers by reducing the
variance of crop yield, and to society at large by reducing the uncertainty in the provision of …

In the face of uncertainty, ecosystems can provide natural insurance to risk averse users of
ecosystem services. We employ a conceptual ecological–economic model in which …

Global commons problems, such as climate change, are often affected by severe
uncertainty. The paper examines the effect of uncertainty on pollution emissions and welfare …

We examine the effect of ambiguity in symmetric games with aggregate externalities. We find
that ambiguity will increase/decrease the equilibrium strategy in games with strategic …

Many theoretically interesting and policy relevant economic problems are naturally
formulated by means of a two commodity model, where the individual's utility function has …