While we can rely on markets to match producer supply with consumer demand for most goods and services, markets fail to yield the socially optimal outcome in the case of pollution so that government interventions are desirable. However, determining the "right" level of environmental protection...

This paper analyzes the relation between environmental policy and a firms environmental investment expenditure, environmental performance, and international competitiveness using primary survey data. Our empirical analysis illustrates that environmental policies are important drivers of...

Organic labels potentially play an important role in shaping consumer preferences for organic food products. Information implied by the presence of labels can be used by consumers to facilitate their consumption decisions. Therefore, we investigate the influence of the provision of objective...

This article reviews beer production, consumption and the industrial organization of breweries throughout history. Monasteries were the centers of the beer economy in the early Middle Ages. Innovation and increased demand later induced the growth of commercial breweries. Globalization and...