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as a classroom experiment. and show that competition is likely to discover the market equilibrium as well as the wealth …
Persistent link: https://www.econbiz.de/10001725436
classroom experiment that serves as an empiricial test of Adam Smith's invisible- hand hypothesis. It demonstrates that … experiments to test at least the basic assumptions of the economic theory of human behavior. This paper describes a simple … competition acts as a discovery procedure. The experiment is of high didactical value, since the students gain insights into …
Persistent link: https://www.econbiz.de/10001725319
catastrophic in their consequences. Therefore, the elaboration of effective risk-management plans, aimed at formulating viable … management of environmental risks - environmental pollution risk and natural catastrophe risk in particular. It discusses the … issue of insurability of such risks, analyses the increasing risk of liability for environmental pollution and the …
Persistent link: https://www.econbiz.de/10012448741
One of the unforeseen consequences of the WTO agreements has been controversy over risk. This volume explores aspects … of risk with special reference to the WTO, where national instruments to reduce risk may conflict with international … trade rules. The book is divided into sections dealing with: accounting for risk in trade agreements; risk and the WTO …
Persistent link: https://www.econbiz.de/10011851983
Persistent link: https://www.econbiz.de/10001355308
Environmental permits have played a major role in improving industry's environmental performance across the last few decades. Because they adopt a precautionary approach during the setting of environmental requirements, permitting strategies have also favoured pollution prevention. However,...
Persistent link: https://www.econbiz.de/10012448695
Persistent link: https://www.econbiz.de/10014568421
This dataset comprises statistics on gross capital formation, gross fixed capital formation (investment), changes in …
Persistent link: https://www.econbiz.de/10014568584