higher where (1) there exists an energy / CO2 tax, where (2) government expenditures on the environment are higher, where (3 …

determinants for efficiency in credence goods markets. While theory predicts that either liability or verifiability yields … efficiency, we find that liability has a crucial, but verifiability only a minor effect. Allowing sellers to build up reputation … higher efficiency as long as liability is violated. …

assets or to invest. The model predicts that high uncertainty and potential sunk costs in a situation of rule of law …

Although economic agents routinely face various types of economic uncertainty, their effects are often unclear and hard … to assess, in part due to the absence of suitable measures of uncertainty. Because of the numerous and very substantial … their periods of uncertainty, moreover, these countries have experienced sharply falling fertility rates. Some have argued …

The unprecedented deterioration of our global environment has increased the necessity of relying upon Green Economic …