Climate change is seen as a problem facing current and future generations. Two measures exist in order to cope with its potential effects: mitigation and adaptation. Mitigation describes all measures which aim…
Established firms' difficulty to innovate has been discussed extensively among economists. In contrast to incumbent firms, industry entrants are often described to be more flexible and innovative, setting forth…
Expected Utility (EU) theory is not only applied to individual choices but also to ethical decisions, e.g. in cost-bene t analysis of climate change policy measures that a ect future generations. In this context…