All pages with keywords: Preferences

Ambiguity aversion under maximum-likelihood updating

Ambiguity aversion under maximum-likelihood updating

a research article by Daniel Heyen 20 June, 2017

Maximum-likelihood updating (MLU) is a well-known approach for extending static ambiguity sensitive preferences to dynamic set-ups. This paper develops an example in which MLU induces an ambiguity averse maxmin … read more »


Carbon offsets out of the woods? The acceptability of domestic vs. international reforestation programmes

Carbon offsets out of the woods? The acceptability of domestic vs. international reforestation programmes

a working paper by Andrea Baranzini, Nicolas Borzykowski, Stefano Carattini 5 December, 2016

Following the entry into force of the Paris Agreement in November 2016, governments around the world are now asked to turn their nationally determined contributions into concrete climate policies. Economic … read more »


Heterogeneous intergenerational altruism

a working paper by Antony Millner 17 February, 2016

Agents exhibit pure intergenerational altruism if they care not just about the consumption utility experienced by future generations, but about their total wellbeing. If all generations are altruistic, each generation’s … read more »


Resolving intertemporal conflicts: Economics vs. Politics

Resolving intertemporal conflicts: Economics vs. Politics

a working paper by Antony Millner, Geoffrey Heal 24 November, 2014

Intertemporal conflicts occur when a group of agents with heterogeneous time preferences must make a collective decision about how to manage a common asset. How should this be done? We … read more »


Is there space for agreement on climate change? A non-parametric approach to policy evaluation

Is there space for agreement on climate change? A non-parametric approach to policy evaluation

a working paper by Simon Dietz, Anca N. Matei 1 October, 2013

Economic evaluation of climate policy is notoriously dependent on assumptions about time and risk preferences, since reducing greenhouse gas emissions today has a highly uncertain pay-off, … read more »


Public attitudes towards and demand for hydrogen and fuel cell vehicles: A review of the evidence and methodological implications

Public attitudes towards and demand for hydrogen and fuel cell vehicles: A review of the evidence and methodological implications

a research article by Susana Mourato 18 October, 2010

It is now widely recognized that effective communication and demand-side policies for alternative energy require sound knowledge of preferences and determinants of demand of the public and consumers. To … read more »


Siblings, not triplets: social preferences for risk, inequality and time in discounting climate change

Siblings, not triplets: social preferences for risk, inequality and time in discounting climate change

a research article by Giles Atkinson, Simon Dietz, Jennifer Helgeson, Cameron Hepburn 18 June, 2009

Arguments about the appropriate discount rate often start by assuming a Utilitarian social welfare function with isoelastic utility, in which the consumption discount rate is a function of the … read more »