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international cooperation. Our game-theoretical model of asymmetric countries allows for a rigorous analysis of the strategic … to either a climate clash where countries engage in a non-cooperative escalation of opposing climate interventions … (indeterminate welfare effect), or cooperative deployment of solar geoengineering (positive welfare effect). We show that the outcome …
Persistent link: https://www.econbiz.de/10012910620
-1367), who study cooperation and punishment in sixteen subject pools from six different world cultures (as classified by … cultural background relative to individual heterogeneity and group-level differences in cooperation. We find that culture has a … substantial influence on the extent of cooperation, in addition to individual heterogeneity and group-level differences identified …
Persistent link: https://www.econbiz.de/10013316208
Work and trade relationships are often governed by relational contracts, in which incentives for cooperative action …. This can impede the joint understanding of what constitutes cooperative behavior, and may thus inject mistrust into …
Persistent link: https://www.econbiz.de/10012981595
The goal of this paper is to bring some unity to the theoretical side of the debate on internalization of airport …
Persistent link: https://www.econbiz.de/10012776625
This paper analyzes slot-based approaches to management of airport congestion, using a model where airlines are … asymmetric and internalize airport congestion. Under these circumstances, optimal congestion tolls differ across carriers, and …
Persistent link: https://www.econbiz.de/10012771860
This paper provides the first analysis of the trade-off between convenient flight connections and airport congestion. A …
Persistent link: https://www.econbiz.de/10013014357
This paper explores the impact of airport noise regulation on airline service quality and airfares. It also … investigation into the economics of airport noise regulation using a model where the interests of the key relevant stakeholders are …
Persistent link: https://www.econbiz.de/10013317378
Fiscal federalism may not be a panacea in a monetary union if it does not address the non-cooperative behaviour between … intergovernmental fiscal cooperation without such a federal authority. Using a standard macroeconomic model commonly used for policy … extra instrument and a policymaker with union-wide objectives may not compensate the adding of a non-cooperative player to …
Persistent link: https://www.econbiz.de/10012930695
The possibility of low-probability extreme events has reignited the debate over the optimal intensity and timing of climate policy. In this paper we therefore contribute to the literature by assessing the implications of low-probability extreme events on environmental policy in a continuous-time...
Persistent link: https://www.econbiz.de/10013139799
Does trade openness cause higher GDP per capita? Since the seminal instrumental variables (IV) estimates of Frankel and Romer [F&R](1999) important doubts have surfaced. Is the correlation spurious and driven by omitted geographical and institutional variables? In this paper, we generalize F&R's...
Persistent link: https://www.econbiz.de/10013121825