The authors consider a symmetric model composed of two countries and a firm in each country. Firms produce the same good by means of a polluting technology which uses fossil energy. However, these firms can adopt a clean technology which uses a renewable energy having a lower unit cost....

In the original framework of Professors Acemoglu and Robinson, the government is unable to oppress the revolution once it is brought about. However, actual civil wars are unpredictable. With this notion, I introduce uncertainty depending on military expenditures of the government. Then an...

Use of a promise to pay by a bank to insure an outstanding loan in order to return the value of the insured amount into capital for use in writing a new loan is an invention in banking with calculably greater potential economic impact than the original invention of reserve banking. The...

This paper deals with the German government's proposal to Iiberalize the domestic electricity supply industry. The government bill aims to establish a retail wheeling model in the electricity transmission and distribution System. The Opposition against this model mainly comes from the publicly...

Six main characteristics of an economic order are discussed and empirically evaluated for the case of Slovenia. All of them pertain to the institutional setting ab urbe condita; they comprise the legal and jurisdictional situation, the role of private property, the institutionalised strive at...

The paper investigates the recent trends in privatization by local government organizations in Germany. It comes to the conclusion that the privatization policy has been two-directional: on the one hand, municipalities have reduced their economic activities, mainly by different forms of...

This paper deals with the efficiency characteristics of alternative governance structures in the electricity sector. The analysis begins with the description of some technical aspects of the electricity supply industry. The goal is to identify the main co-ordination tasks within, and between the...

This year legal activities were started which are meant to lead to a higher integration of the electricity supply industry in the European Union. It is intended to liberalize the national markets simultaneously restraining the influence of the national governments. This article provides an...

This paper deals with the efficiency characteristics of alternative regulatory policies in the electricity sector. The analysis begins with the presentation of the analytical concept of the ?regulatory contract, which is based on the New Institutional Economics. The main part of the paper deals...

This paper investigates the effects of oil financed public investment on poverty using a dynamic multisectoral general equilibrium model featuring inter-temporal productivity spillovers, which may exhibit a sector-specific and regional bias. In general, the results bear out the expectation that...