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We study an insurance model characterized by a continuum of risk types, private information and a competitive supply side. We use the model to investigate the welfare effects of discrimination (also known as risk selection). We postulate that a test is available that determines whether an...
Persistent link: https://www.econbiz.de/10011348719
We take a dynamic perspective on insurance markets under adverseselection and study a generalized Rothschildand Stiglitz model where agents may differ with respect to theaccidental probability and their expenditure levels incase an accident occurs. We investigate the nature of dynamicinsurance...
Persistent link: https://www.econbiz.de/10011318577
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Theoretical and empirical aspects of policy failures due to subsidies are discussed in the context of international trade. A general classification of subsidies that cause environmental externalities is presented. The economic and environmental impacts of producer subsidies on international...
Persistent link: https://www.econbiz.de/10011302606
, ‘pollution havens’ emerge in countries where environmental regulation is ‘over-lax.’ We examine the impact of pollution abatement … equilibrium model of trade and pollution nesting the pollution haven motive for trade with the factor endowment motive. We analyze …
Persistent link: https://www.econbiz.de/10011334844
Up to now a clear theoretical and methodological framework for economic-environmental analysis of environmentally damaging subsidies is lacking. Environmentally damaging subsidies are all kinds of direct and indirect subsidies aimed at achieving a certain (often non-environmental) goal that...
Persistent link: https://www.econbiz.de/10011335220
equilibrium framework. We investigate the impact of pollution by focusing on the interaction between location advantages and … negative pollution externalities associated with local production. We distinguish between two goods (food and manufactures) and … activity tends to become less attractive with pollution, and thus less likely. Moreover, we provide a simple necessary and …
Persistent link: https://www.econbiz.de/10011343294
A sound empirical and quantitative analysis on the relationship between different patterns of urban expansion and the environmental or social costs of mobility is rare, and the few studies available provide at best a qualitative discussion of these issues. Some recent tentative studies on the...
Persistent link: https://www.econbiz.de/10011349209
Pesticide use in agriculture poses several risks to both human health and non-target agro-ecosystems. Due to lack of information on the monetary value of reducing pesticide risks, it is difficult to perform an economic analysis that addresses social efficiency of policy and draws conclusions...
Persistent link: https://www.econbiz.de/10011327835