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We live in the plastic age (the "plasticene"), producing over 300 million tonnes (mt) of plastic every year globally, 5–15 mt of which flow into already polluted oceans. Plastic remains a key material in the global economy, but low rates of collection, reuse and recycling, emissions of...
Persistent link: https://www.econbiz.de/10011778718
We construct an overlapping generations model in which parents vote on the tax rate that determines publicly provided education and offspring choose their effort in learning activities. The technology governing the accumulation of human capital allows these decisions to be strategic complements....
Persistent link: https://www.econbiz.de/10003885849
Persistent link: https://www.econbiz.de/10003419777
Human beliefs, while always remaining in equilibrium, serve as a an equilibrium selector and determine the degree of aggregate volatility. Fully rational and risk averse economic agents expect macro-level dynamics to be characterized by a specific degree of volatility. Given this expectation the...
Persistent link: https://www.econbiz.de/10013082991
The term economic diplomacy has established itself in the Croatian sources as an umbrella term for all the activities of the national state to protect and promote its own economic interests in the international environment. Under the broader concept of economic diplomacy we distinguish the...
Persistent link: https://www.econbiz.de/10013002211
In some contexts, an individual's choice to mimic the behavior of others, to join the herd, can increase systemic risk and retard the production of information. Herding can thus produce negative externalities. And in such situations, individuals by definition have insufficient incentives to...
Persistent link: https://www.econbiz.de/10013058375
even the simplest, such as expected utility theory, able to describe the behavior of decision-makers within a more …In this paper we introduce a new, analytically tractable model for decision-making under risk in which psychological … characteristics related to the degree of optimism or pessimism of the decision-maker are considered. The model we propose, which is …
Persistent link: https://www.econbiz.de/10012933671
This paper studies the export decision of risk-averse firms in a model featuring aggregate uncertainty and no capital …
Persistent link: https://www.econbiz.de/10013143547
Persistent link: https://www.econbiz.de/10003877026
Ocean acidification is increasingly recognized as a major global problem. Yet economic assessments of its effects are currently almost absent. Unlike most other marine organisms, mollusks, which have significant commercial value worldwide, have relatively solid scientific evidence of biological...
Persistent link: https://www.econbiz.de/10009152238