Economies definitely suffer from red tape. So part of the initiative, which has been launched under the catchword "less and better regulation" is dedicated to the measure and reduction of administrative burdens for businesses. One attempt which has earned widespread attention and support is the...

This note starts with the assertion that the theory of (negative) externalities in its simple textbook-version is insufficient as a starting point for environmental issues. It further builds upon a distinction by Steven Shavell, who separates actions, which have already caused harm and such...