A central question in climate policy is whether early investments in low-carbon technologies are a useful first step towards a more effective climate agreement in the future. We introduce a climate cooperation model with endogenous R&D investments where countries protect their international...

Do women invest differently than men? We contribute to the answer of this question by analysing the Panel on Household Finances (PHF) of the German Bundesbank. This representative panel collects a wide variety of behavioural and financial variables in the area of household finance. We find that...

Many decisions in politics and business are made by teams rather than by single individuals. In contrast, economic models typically assume an individual rational decision maker. A rapidly growing body of (experimental) literature investigates team decisions in different settings. We study team...

Die Schaffung gleichwertiger Lebensverhältnisse ist im Grundgesetz verankert und wird bisher primär aus sozioökonomischer Sicht bewertet. Allerdings spielt die Umwelt eine große Rolle für das menschliche Wohlbefinden. Zum Beispiel durch den Zugang zu und die Verfügbarkeit von Freiflächen...

We document an increasing capacity to resist temptation in a time consistent manner from children to teenagers. Competencies develop in two steps: From age 8 on many pupils naively plan and after age 12 successfully implement strategies to resist temptation. Our evidence comes from a food choice...

Die Arbeit analysiert die Institutionalisierung von Programmevaluationen innerhalb der Zweiten Säule der Gemeinsamen Agrarpolitik der EU mit Hilfe des Institutional Analysis and Development Frame von Elinor Ostrom. Untersuchungsschwerpunkte sind die Praxis der Durchführung der Evaluationen und...

The paper analyzes international environmental agreements that incorporate transfers from a group of industrialized countries to developing countries in a situation of asymmetric information. The framework of the analysis is a static model of transboundary pollution in which information on...