This paper provides a quantitative comparison of the main architectures for an agreement on climate policy. Possible … successors to the Kyoto protocol are assessed according to four criteria: economic efficiency; environmental effectiveness …

The purpose of this paper is to compare the cost efficiency of private and public property insurance providers in …

contribute, on average, 20% of the total merger value added. Moreover, we find that multimarket efficiency gains dominate …

We analyse the effects of investment decisions and firms internal organisation on the efficiency and stability of …. We show that often stable mergers do not lead to more e.ciency and may even lead to efficiency losses. These mergers lead … to lower total welfare, suggesting that a regulator should be careful in assuming that possible efficiency gains of a …

This paper addresses a key but neglected task in the theory of international taxation, lent increased urgency by … regimes. It shows that the Diamond-Mirrlees theorem on the desirability of production efficiency, which underlies the key … revenues across countries ? under which production efficiency is nevertheless desirable, and a general characterization …

, we employ an advanced non-parametric efficiency model to study the public sector (cost) efficiency implications of such … distortions. Using a unique dataset covering the Czech regions over the 2007-2014 period, we find that the efficiency of public … power ("party donors"). We link this efficiency difference to two underlying mechanisms: i.e. shifts in procurement contract …