... aversion Self-insurance Rationing rules Water management Q28 C92 Q25 When damages due to pollutant emissions are observable and can be traced with certainty to specific emitting activity, use of an emissions tax can yield efficient incentives for abatement activity. But some...

...-use rights only Bankruptcy Common-pool resource Coordination Experiment Risk aversion Self-insurance Rationing rules Water management Q28 C92 Q25 Wireless technology is proliferating rapidly, and the vision of pervasive wireless computing and communications offers...

...-insure, i.e., to invest in a secure alternative resource, instead of relying on a free but uncertain common resource. Four rationing rules, empirically relevant for water management, are compared using a laboratory experiment. According to Nash predictions, the investment in self-insurance is the same...

... Scientists (B), No. 23730184. © 2013 T. Fujii and R. Ishikawa 2013 T. Fujii and R. Ishikawa Licensed re-use rights only Bankruptcy Common-pool resource Coordination Experiment Risk aversion Self-insurance Rationing rules Water management The value of the prospect of future...