Dry grasslands represent unique ecosystems that are known for high biodiversity. Land use changes have led to a decline in Europe. Shrub encroachment is a major problem in incorrectly or unmanaged areas, and affects not only flora and fauna but also leads to changes in the appearance of the...

Books reviewed: Masahiko Aoki, Toward a Comparative Institutional Analysis. Cambridge Albert Breton, Gianluigi Galeotti, Pierre Salmon, Ronald Wintrobe (eds.), Political Extremism and Rationality Gerard Caprio, Patrick Honohan and Joseph E. Stiglitz (eds.), Financial Liberalization Richard N....

In the recent debate on climate change economics triggered by the Stern Review and his opponents, fundamental methodological issues emerge. It becomes obvious that different choices for some variables in the models applied lead to vastly different conclusions. Specifically, the choice of the...