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The Life Satisfaction Approach to Environmental Valuation

Frey, Bruno S.; Luechinger, Simon; Stutzer, Alois - 2021

In many countries environmental policies and regulations are implemented to improve environmental quality and thus individuals’ well-being. However, how do individuals value the environment? In this paper, we review the Life Satisfaction Approach (LSA) representing a new non-market valuation...

Persistent link: https://www.econbiz.de/10013316297

World Heritage List : Does it Make Sense?

Frey, Bruno S. - 2010

The UNESCO World Heritage List contains the 900 most treasured Sites of humanity's culture and landscapes. The World Heritage List is beneficial where heritage sites are undetected, disregarded by national decision-makers, not commercially exploitable, and where national financial resources,...

Persistent link: https://www.econbiz.de/10013142233

Target Balances and the German Financial Account in Light of the European Balance-of-Payments Crisis

Sinn, Hans-Werner - 2013

look at the components of this reversal of capital flows for the case of Germany. Its main finding is that most of the … Germany is small by comparison, with purchases of German government bonds increasing substantially, in particular by Spanish … and Irish investors. Some foreign capital even left Germany. In net terms, over the years 2008, 2009 and 2011 foreigners …

Persistent link: https://www.econbiz.de/10013088462

Buffering Volatility : A Study on the Limits of Germany's Energy Revolution

Sinn, Hans-Werner - 2016

requires a storage capacity of over 6,000 pumped-storage plants, which is 183 times Germany's current capacity. Taking the … Europe. This will make it difficult for Germany to pursue its energy revolution towards green autarchy, as intended …

Persistent link: https://www.econbiz.de/10012986654

The Pathological Export Boom and the Bazaar Effect - How to Solve the German Puzzle

Sinn, Hans-Werner - 2021

Germany is the laggard of Europe, yet the country is world champion in merchandise exports. The paper tries to solve …

Persistent link: https://www.econbiz.de/10013317598

A Multiplicity of Approaches to Institutional Analysis : Applications to the Government and the Arts

Frey, Bruno S. - 2009

Four types of 'economics' relevant for institutional analysis are distinguished: Standard Neoclassical Economics; Socio-Economics or Social Economics; New Institutional Economics; and Psychological Economics (often misleadingly called Behavioural Economics). The paper argues that an extension of...

Persistent link: https://www.econbiz.de/10013157653

Academics Appreciate Awards - A New Aspect of Incentives in Research

Frey, Bruno S. - 2009

This paper analyzes awards as a means of motivation prevalent in the scientific community, but so far neglected in the economic literature on incentives, and discusses their relationship to monetary compensation. Awards are better suited than performance pay to reward scientific tasks, which are...

Persistent link: https://www.econbiz.de/10012765608

Noblesse Oblige? Determinants of Survival in a Life and Death Situation

Frey, Bruno S. - 2008

This paper explores the determinants of survival in a life-and-death situation created by an external and unpredictable shock. We are interested in seeing whether pro-social behaviour matters in such extreme situations. We therefore focus on the sinking of the RMS Titanic as a quasi-natural...

Persistent link: https://www.econbiz.de/10012769705

Public Policies Against Global Warming

Sinn, Hans-Werner - 2013

Judged by the principle of intertemporal Pareto optimality, insecure property rights and the greenhouse effect both imply overly rapid extraction of fossil carbon resources. A gradual expansion of demand-reducing public policies - such as increasing ad-valorem taxes on carbon consumption or...

Persistent link: https://www.econbiz.de/10012753836

The Fossil Episode

Hassler, John; Sinn, Hans-Werner - 2021

We build a two-sector dynamic general equilibrium model with one-sided substitutability between fossil carbon and biocarbon. One shock only, the discovery of the technology to use fossil fuels, leads to a transition from an initial pre-industrial phase to three following phases: a pure fossil...

Persistent link: https://www.econbiz.de/10013315828