Showing 1 - 10 of 16
The first part of the paper describes how over time credit rating agencies ceased to play the role of information intermediaries. Rating agencies did not provide information about the risk associated with the securitized instruments, but they simply enabled structurers to create and maintain...
Persistent link: https://www.econbiz.de/10005008031
Internet resources, extended media coverage and international organizations’ reports recently witness the increasing interest of western banks in new models of finance, particularly Islamic finance and microfinance. This new trend is not only channeled through the frame of corporate social...
Persistent link: https://www.econbiz.de/10005570238
Christianity and Islam. …
Persistent link: https://www.econbiz.de/10008489600
This research examines the economic origins of Islam and uncovers two empirical regularities. First, Muslim countries … (i) determined the economic aspects of the religious doctrine upon which Islam was formed, and (ii) shaped its subsequent … had to remain within limits for Islam to persist. This was instituted via restrictions on physical capital accumulation …
Persistent link: https://www.econbiz.de/10008465532
proposed among others by Barrett (2001) and Benedick (2001) – is based on the insight that incentives to free-ride are much …, the absence of incentives to free ride) of the coalition that would form when countries negotiate on climate …
Persistent link: https://www.econbiz.de/10005385383
+ (REDD+) scheme as a contractual relationship between countries in the light of the theory of incentives. Considering …
Persistent link: https://www.econbiz.de/10010603765
This paper analyses whether different emissions trading regimes provide different incentives to participate in a … designing the emission trading regime, it is possible to enhance the incentives to participate in a climate agreement. Therefore …
Persistent link: https://www.econbiz.de/10005423151
since the year 2000, as a result of a change in the incentives for both private agents and bureaucrats. …
Persistent link: https://www.econbiz.de/10005423175
crucial to prioritise participation incentives for all countries, especially those without explicit or with insufficient … abatement targets. This paper offers a bottom-up game-theoretic perspective on participation incentives. Rather than focusing on … issue linkage, transfers or burden sharing as tools to enhance the incentives to participate in a climate agreement, this …
Persistent link: https://www.econbiz.de/10005423177
, where free-riding incentives are strong. Is a minimum participation rule a way to offset these free-riding incentives? Why …
Persistent link: https://www.econbiz.de/10005423196