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We survey the recent literature on the role of information in mechanism design. First, we discuss an emerging … literature on the role of endogenous payoff and strategic information for the design and the efficiency of the mechanism. We … order beliefs becomes a natural desideratum. We discuss recent approaches to robust mechanism design and robust …
Persistent link: https://www.econbiz.de/10005123850
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know the motives for policies that are allegedly pursued to protect the environment, but that also give commercial …
Persistent link: https://www.econbiz.de/10005025513
This paper introduces endogenous and directed technical change in a growth model with environmental constraints. A unique final good is produced by combining inputs from two sectors. One of these sectors uses "dirty" machines and thus creates environmental degradation. Research can be directed...
Persistent link: https://www.econbiz.de/10009365645
A structural reform of the Icelandic fishing industry which created the conditions for fair and free trade in fishing permits in Icelandic waters could conceivably remove the main current obstacle to EC membership for Iceland. This reform would grant other EC nations formal access to the market...
Persistent link: https://www.econbiz.de/10005789101
environment only because its degradation affects the industry's economic performance. The environment does not enter directly …
Persistent link: https://www.econbiz.de/10005789196
The current Paper addresses the relationship between trade and endogenous pollution levels. The main focus is quite different from the previous literature. The mechanism linking pollution and trade is that trade provides the home government with a credible threat that helps motivate domestic...
Persistent link: https://www.econbiz.de/10005791231
In general, a reduction in trade barriers will affect the environment by expanding the scale of economic activity, by …
Persistent link: https://www.econbiz.de/10005791657
International agreements to protect the global environment are typically difficult to reach. In principle they should … unstable due to the incentive to free-ride (enjoying the clean environment provided by others' emission reduction without …
Persistent link: https://www.econbiz.de/10005792083