Bücher der Reihe Foundations and Trends (R) in Microeconomics

Provides estimates of the annual cost of crime in the United States. This study estimates the burden of a broad set of crime's repercussions, both direct and indirect, to tell a more complete story. The comprehensive approach adopted captures several types of cost shifting that can result from crime prevention efforts.

Explores the contributions of behavioral economics, laboratory experiments, and field experiments to our understanding of the economics of trust, trustworthiness, and reciprocal behavior. This monograph concludes with a summary of theory and experiments that have identified trust and reciprocity in economics and human behaviour.

Presents the case that electronic voting can improve accessibility, leading to some positive outcomes. The authors document the various problems with centralized electronic voting systems and show how the blockchain can potentially overcome these problems.

Explores policy interventions aimed at improving water allocation decisions and assesses the impact on regions and sectors by including both macro and micro considerations in a unified analytical framework.

Analyses and compares the policy responses in the United Kingdom and the United States to the mad cow disease crisis. The book draws a number of lessons from the mad cow experience regarding how one should regulate invasive species risks and deal with dimly understood but potentially serious risks to large populations.

Focuses on the creation of good jobs for the young. The book reviews the main factors influencing youth unemployment and the transition into the work force, and provides an overview of young people's situations in major world regions, with a particular emphasis on the role of training systems and complementary active labour market policies.

Demonstrates that emotions play a role in predicting departures from expected utility maximization for making insurance purchasing decisions over time. The authors highlight the conceptual issues and alternative theories of behaviour about repeat insurance purchasing over time.

Provides a comprehensive review of the literature on competitiveness and leakage concerns associated with differentiated climate abatement commitments among countries. The literature reviewed is not exhaustive, but it is sufficient to provide a balanced view of both academics and policy circles.

Provides a detailed economic overview of regulations and reviews the relevant economic and policy literature that has tracked the evolution and regulation of the US gas transmission market over the past century.

Focuses exclusively on the risk that is associated with investing in education. In a well organised framework, this monograph surveys the modest literature, identifies and explains the weakest aspects of knowledge in the field, reflects on policy issues, and presents an agenda for future research.

Provides a summary of the issues contributing to the policy debates on this emerging and important topic. The biofuel policy debate is likely to be an ongoing one and Environmental, Economic and Policy Aspects of Biofuels should be required reading for anyone interested in understanding this diverse and growing literature.

Focuses on political economy theories of the resource curse and scrutinizes how well, or poorly, these theories have been integrated with empirical work. The book starts with an overview of the broader economic literature on the resource curse, before focusing on political economy research on the resource curse.

The purpose of this volume is to explain how semicollusion works in theory, describe empirical studies of semicollusion, and discuss the possible welfare effects of semicollusion. The volume provides a framework for understanding the mechanism at work with semicollusion and reviews the different approaches in the literature to this topic.

Presents the core elements of the microeconomic analysis of insurance markets. The aim of this analysis is to understand how insurance markets work, their fundamental economic functions, and how efficiently insurance markets perform.

Presents the basic model of criminal behaviour and law enforcement. This book is intended for economists and lawyers, practitioners, scholars and students in the field of law and economics, microeconomics, and criminology who wish to learn the basics of the economics of crime, criminal behaviour, and law enforcement.

Reviews the economics literature of market-based environmental regulations and design issues for environmental taxes and cap-and-trade systems. The book begins by reviewing the economics literature on the theory of market-based environmental regulations. It then goes on to cover design issues for environmental taxes and cap-and-trade systems.

Synthesizes the empirical research findings on the relationship between law and the public's health that are found scattered in different literature ranging from economic journals to medical journals, journals on addictive behaviors, law reviews, and books.

Reviews what economists do and do not know about the effectiveness and cost effectiveness of pollution monitoring and enforcement. The focus is mainly on lessons for and from the US policy environment, but discusses important research findings from international settings as well.

Explores the concept of happiness in economics. There is now a growing body of serious economists who are willing to include happiness economics as a part of economic science. For a better understanding of happiness economics, the authors examine the viewpoint of mainstream economics in the introduction.

Describes a number of the central attributes and applications of behavioural law and economics to date. The book does not embrace every area in which behavioral economics has become influential in legal policy, but it does seek to give a representative sample of the burgeoning modern field of behavioural law and economics.