One major scientific challenge posed by the EU Water Framework Directive (WFD) is the design of a decision support process that meets the Directive’s requirement to achieve “good status” for all water bodies using a cost-effective combination of measures. This paper presents BASINFORM, a...

The energy policy in Germany encourages an ever-greater utilization of biomass to produce biogas. But this utilization interferes on the natural resources and affects new conflicts regarding other forms of land use particularly flood prevention measures, drinking water supply and recreation. A...

Using linked employer-employee data from Brazil, we document a large gender pay gap due to women working at lower-paying employers with better nonpay attributes. To interpret these facts, we develop an equilibrium search model with endogenous firm pay, amenities, and hiring. We provide a...

We develop a theory of labor markets with four features: search frictions, worker productivity shocks, wage rigidity, and two-sided lack of commitment. Inefficient job separations occur in the form of endogenous quits and layoffs that are unilaterally initiated whenever a worker's...

Are labor markets in higher-income countries more meritocratic, in the sense that worker-job matching is based on skills rather than idiosyncratic attributes unrelated to productivity? If so, why? And what are the aggregate consequences? Using internationally comparable data on worker skills and...