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The purpose of this paper is to demonstrate that, all else being equal, for the case of Italy, tourist areas tend to have a greater amount of crime than non-tourist areas in the long run. Following the literature of the economics of crime à la Becker (1968) and Ehrlich (1973) and using a system...
Persistent link: https://www.econbiz.de/10009646518
The efficiency of the Pigouvian tax suggests that price-based regulation is the proper benchmark for efficient regulation. However, results due to Carlton and Loury (1980, 1986) question this; when harm depends on scale effects a pure Pigou tax is inefficient regulation in the long run. In this...
Persistent link: https://www.econbiz.de/10010956141
equilibrium structure of exchange economies to a two period private ownership production model with uncertainty. It shows that …
Persistent link: https://www.econbiz.de/10009024642
The Environmental Liability Act (Umwelthaftungsgesetz) enacted January 1, 1991 is claimed to have substantially … tightened the environmental liability regime in Germany. The economic consequences of the amendment of the German environmental … liability legislation initiated by the Sandoz accident are investigated for a portfolio of firms in the chemical industry. By …
Persistent link: https://www.econbiz.de/10009276363
In providing precautionary incentives and allocating environmental risk, liability for environmental damages faces two … modified strict liability rule is derived. A specific rule for the optimal allocation of environmental damages under …
Persistent link: https://www.econbiz.de/10009276567
Persistent link: https://www.econbiz.de/10009276157
some retrading costs, in-kind transfers are supposed to realise at least some of the mutual bargaining gains which would be … left unexploited by mere use of monetary payments. These retrading costs bias the recipient's consumption plans in favour …
Persistent link: https://www.econbiz.de/10009276220
Persistent link: https://www.econbiz.de/10009276397
. Positive and negative externalities produced by this economic activity, as well as socio-demographic and economic determinants …
Persistent link: https://www.econbiz.de/10009646516
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....
Persistent link: https://www.econbiz.de/10010956121