Using the case study of Trinidad and Tobago, we investigate the socio-economic, demographic and attitudinal characteristics of households that participate in the informal sector of an emerging economy and their perception of the risk of detection by tax authorities while doing so. Data are...

We analyse how adding the shadow economy to official output figures affects the estimated technical efficiency at the country level. We find that this not only slightly affects the ranking of efficiency scores, but also increases average efficiency in a sample of 87-97 countries, both developed...

Tradable Permits – a Market-Based Allocation System for the Environment. Tradable Permits and Other Environmental Policy Instruments – Killing one Bird with two Stones. Tradable Permits – Ten Key Design Issues. Tradable Permits with Imperfect Monitoring. Emissions Trading with Greenhouse...