This paper examines factors that may influence the estimates of the Value of a Statistical Life obtained from contingent valuation surveys that elicit the willingness to pay (WTP) for mortality risk reductions. We examine the importance of distributional assumptions, the choice of the welfare...

This article deals with the issue of entry into an industry where firms share a collective reputation. First, we show that free entry is not socially optimal; there is a need for regulation through the imposition of a minimum quality standard. Second, we argue that a minimum quality standard can...

China has shifted control over resources and decision making to local governments and enterprises as the result of the economic reforms over the past three decades. This devolution of decision-making to local levels and enterprises has placed environmental stewardship in the hands of local...

Competitive bidding (as auctions) is commonly used to procure goods and services. Public buyers are often mandated by law to adopt competitive procedures to ensure transparency and promote full competition. Recent theoretical literature, however, suggests that open competition can perform poorly...

This study compares the environmental impacts of urban public transport and automobiles (energy use, emissions, noise nuisance, waste materials and use of space). For this purpose two models have been developed FACTS-Urban (Forecasting air pollution by car traffic simulation) and MILOV...

Greening the economy is mostly about improving water governance and not only about putting the existing resource saving technical alternatives into practice. Focusing on the second and forgetting the first risks finishing with a highly efficient use of water services at the level of each...

Hungary is home to a great diversity of plant and animal species, whose preservation is of global value. This paper focuses on the institutional aspects of the research project on on-farm conservation of crop genetic resources in three Environmentally Sensitive Areas of Hungary (Dévaványa,...