Bücher der Reihe Studies in Risk and Uncertainty

Decisions, Games and Markets is designed to stimulate new developments in decision theory, game theory and general equilibrium theory, as well as in their applications to economics. The book is divided into three parts - Decision Theory, Game Theory, and the Theory of Markets.

Growth of the electric industry Electric generating stations and the associated transmission and distribu tion systems are high ticket items as are the costs of fuel and of operating the industry.

A management agency --such as a publicly or privately owned electric utility -- must, if it is to be efficient in carrying out its day-to-day tasks, have a means of monitoring its performance to assess the efficiency of its operations and the effectiveness of its planning.

Our innovation is piecing together the mosaic of interactions among workers, employers, state government, and the federal government that is numerically realistic in the sense of using economists' current knowl edge of quantitative connections.

CVM seeks to value environmental and other nonmarket goods and services by asking individuals about their values using survey methods. The second shortcoming of revealed-preference methods is that such methods, when applied to environmental amenities, are likely to be only partial measures of value.

One technique in which economists have shown a marked interest is the contingent valuation method (CVM), which has mainly been used to assign a monetary value to environmental goods.

The September 11, 2001 terrorism attack on the United States has led government officials to rethink anti-terrorism policies and researchers to assess the implications for the study of risk and uncertainty.

Contingent valuation (CV) measures what is called passive use value or existence value.

CLAUDEJEANRENAUD NILS SOGUEL Smoking is a very common habit all over the world. We know that smoking is a major cause of disease and premature death, in view of the fact that 3 million people die each year worldwide as a result of their smoking habit. What is the economic burden of smoking and do smokers "pay their way"?

The economic models are criticized for the uncertainty associated with the benefit estimates from reducing greenhouse gases, particularly carbon dioxide (COJ, concentrations in the atmosphere as well as estimates of the cost of reducing GHG concentrations and/or emissions.

Highlights the role that insurance and performance standards can play in managing environmental risk. This book analyzes the ability of insurance to play a role in managing environmental risk. It outlines the role insurance plays in society and analyzes the insurability of the risks.

The book covers three basic approaches to this process: the stochastic dominance approach; and the non-expected utility approach, focusing on prospect theory and its modified version, cumulative prospect theory.

For people interested in risk management, medical activity represents a stimulating field of study and thought. In Risk and Medical Decision Making, part 1 is developed inside the expected utility (E-U) model and analyses how comorbidity risks affect the well-known "test-treatment" thresholds.

Decisions, Games and Markets is designed to stimulate new developments in decision theory, game theory and general equilibrium theory, as well as in their applications to economics. The book is divided into three parts - Decision Theory, Game Theory, and the Theory of Markets.

The September 11, 2001 terrorism attack on the United States has led government officials to rethink anti-terrorism policies and researchers to assess the implications for the study of risk and uncertainty.

The Conference on "Utility: Theories, Measurements, and Applications" met at the Inn at Pasatiempo in Santa Cruz, California, from June II to 15, 1989.

The Conference on "Utility: Theories, Measurements, and Applications" met at the Inn at Pasatiempo in Santa Cruz, California, from June II to 15, 1989.

One technique in which economists have shown a marked interest is the contingent valuation method (CVM), which has mainly been used to assign a monetary value to environmental goods.

Growth of the electric industry Electric generating stations and the associated transmission and distribu tion systems are high ticket items as are the costs of fuel and of operating the industry.

This book explores siting dilemmas - situations in which an "authority" (e.g., Congress, a consortium of utilities) deems it in the best interest of society to build a facility such as an incinerator, but opponents living near the proposed site thwart the plan.

The economic models are criticized for the uncertainty associated with the benefit estimates from reducing greenhouse gases, particularly carbon dioxide (COJ, concentrations in the atmosphere as well as estimates of the cost of reducing GHG concentrations and/or emissions.