This paper deals with risk and uncertainties that are an inherent part of designing and implementing fisheries rebuilding plans. Such risk and uncertainties stem from a variety of sources, biological, economic and/or political factors, and are influenced by external factors like changing...

Real life implies that public procurement contracting of renewable resources results in repeated interaction between a principal and the agents. The present paper analyses ratchet effects in contracting of renewable resources and how the presence of a resource constraint alters the "standard"...

Real life implies that public procurement contracting of renewable resources results in repeated interaction between a principal and the agents. The present paper analyses ratchet effects in contracting of renewable resources and how the presence of a resource constraint alters the...

This paper deals with risk and uncertainties that are an inherent part of design-ing and implementing fisheries rebuilding plans. Such risk and uncertainties stem from a variety of sources, biological, economic and/or political factors, and are influenced by external factors like changing...

Almost all economic and public choice models assume that all people are exclusively pursuing their own material self-interests and do not care about "social" goals per se. Several (laboratory) experiments address the question of the general validity of this assumption. A consistent conclusion...

[Resumé] Denne note tager udgangspunkt i Stern Review. Rapporten er på ca. 700 sider, og jeg vil ikke kunne gennemgå alt i denne. Fokus bliver lagt på især to områder, for det første den beslutningsteoretiske diskussion, og hvordan den iboende usikkerhed anvendes. For det andet hvilken...

Almost all economic and public choice models assume that all people are exclusively pursuing their own material self-interests and do not care about social goals per se. Several (laboratory) experiments address the question of the general validity of this assumption. A consistent conclusion...

Our theoretical model suggests that 'bureaucratisation' is a potential threat to future economic growth in the EU. The bureaucratic incentives to budget maximize leads to overwhelming pressure for new administrative tasks because bureaucracies are competing for resources just like fishermen or...