“…Finally, our choice contributes to the innovative nature of this study, since, to the best of our knowledge, few papers in the empirical literature on environmental economics specifically deal with these countries, and none of them tackles the issue of investigating the impacts of environmental risk on consumption for these economies. 1 Beside their geographical proximity, the MED countries are characterized by a long history of cooperation on environmental conservation initiatives (Kagiannas et al, 2003;Gürlük, 2009 Second, our paper provides readers with fresh empirical evidence on the indexes of relative risk aversion and relative prudence, and on the relative preference for the quality of environment for each MED country. Such measures of countries general attitude towards the environment are particularly relevant for the MED economies, since they are strongly heterogeneous in terms of economic development, social and cultural features and environmental conditions.…”