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Employment contracts give a principal the authority to decide flexibly which task his agent should execute. However, there is a tradeoff, first pointed out by Simon (1951), between flexibility and employer moral hazard. An employment contract allows the principal to adjust the task quickly to...
Persistent link: https://www.econbiz.de/10010604419
production. Pollution, as a force that discourages agglomeration, is caused by domestic production. We show that cities are too … large and too few in number in uncoordinated equilibrium if economic growth implies increasing pollution (‘brown growth …
Persistent link: https://www.econbiz.de/10010599729
Dans un contexte de raréfaction des ressources en énergie fossile et de changements climatiques, la Nouvelle-Calédonie, qui n'est pas actuellement soumise au protocole de Kyoto, doit répondre aux préoccupations environnementales et trouver les voies et moyens d'une moins grande dépendance...
Persistent link: https://www.econbiz.de/10011155489
For the nations of Latin America and the Caribbean to respond effectively to the Climate Change challenge, they need to be able to understand what the impacts of Climate Change may be for each country and the extent of each country's contribution to the problem before they can define and...
Persistent link: https://www.econbiz.de/10009216170
nitrogen pollution to our ecosphere. The atmosphere is polluted by N2O and NOx gases that directly and indirectly increase …
Persistent link: https://www.econbiz.de/10009323687
Using the most comprehensive data file ever compiled on air pollution, water pollution, environmental regulations, and … air pollution regulations were effective at reducing ambient concentrations of particulate matter, sulfur dioxide, and … nitrogen dioxide. The most successful air pollution regulation is associated with a modest and statistically insignificant …
Persistent link: https://www.econbiz.de/10009323739
The prevailing attitude is that ‘development’ is important, and that if people have to be pushed around for this, so be it. This a response to the views expressed by E Sreedharan on the Yamuna, ‘Restrict Yamuna with walls and develop low-lying areas: Metro chief’ (Times...
Persistent link: https://www.econbiz.de/10009250487
We study (energy) markets with dirty incumbents and costly entry by clean producers. For intermediate entry costs, the market outcome exhibits inefficient production and inefficient entry. A policy mix of three popular regulatory instruments—taxation on polluters, feed-in tariffs for clean...
Persistent link: https://www.econbiz.de/10010765499
This study has been carried out with the purpose of assessing the overall investment needs of Latin America and the Caribbean by 2015, based on the assumption of meeting the Millennium Development Goals with regards to improving access to drinking water services and to better sanitation. It...
Persistent link: https://www.econbiz.de/10010719965
output tax is ineffective as an instrument for fiscal competition; the emission tax is used not only for combating pollution …
Persistent link: https://www.econbiz.de/10011191428