Books in the Foundations and Trends in Microeconomics series

Provides a discussion of the adjustment of risk references and how to go about making such adjustments to a common scale. By adjusting all information to this common scale, results can be easily summarized and compared, and the body of information concerning risk aversion can be examined as a whole rather than as individual parts.

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.

Evidence suggests that cost-effective preventive measures are sometimes rewarded by insurers in ways that could change their clients' behavior. These examples reveal that insurance activities are not always in the best interest of individuals at risk. This book discusses such behavior with the intent of categorizing these insurance "anomalies".

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.

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.

A monograph that intends to review the main contributions of game theory in water resources over the past 70 years. It aims to compare the set of issues faced by water resources and those the sector is most likely to face in the coming future. Based on this comparison, a future research agenda and priorities will be proposed.

The U.S. Market for Uranium: 70 Years of History explores the possible inefficiencies related to the amount of exploration undertaken by private interests. And was exploration conducted at socially efficient levels?