The governance and transaction cost insights of Oliver Williamson (1975, 1985, 1996, 2010) and Ronald Coase (1937, 1992) have framed antitrust polices and firm management strategies. Transaction cost economics explain efficient governance adaptation. With a focus on private efficiency gains...

We examine whether counties designated as out of attainment with the NAAQS under the 1970 CAA experienced larger reductions in TSP during the 1970s than attainment counties. We answer this question using the official designation of nonattainment status which, between 1972 and 1978, was by Air...

This paper investigates how shocks to expected cash flows influence CEO incentive compensation. Exploiting changes in compliance with environmental regulations as shocks to expected future cash flows, we find that adverse shocks typically prompt corporate boards to recalibrate CEO compensation...

Formal rules within organizations are pervasive, but may be interpreted and implemented differently by actors within the organization, impacting organizational outcomes. We consider a delegation reform that changed formal rules within the environmental regulator in an Indian state, by giving...

Der Beitrag aus der Reihe »Kurz zum Klima« zeigt sowohl die Politikmaßnahmen zur Vermeidung von CO2-Ausstoß in Städten als auch die Anpassungsmaßnahmen an den Klimawandel auf.

The world has pledged to protect 30 percent of its land and waters by 2030 to halt the rapid deterioration of critical ecosystems. We summarize the state of knowledge about the impacts of protected area policies, with a focus on deforestation and vegetation cover. We discuss critical issues...

The European Union designates 26% of its landmass as a protected area, limiting economic development to favor biodiversity. This paper uses the staggered introduction of protected-area policies between 1985 and 2020 to study the selection of land for protection and the causal effect of...

Agricultural producers make investment decisions based on beliefs about future returns. This article investigates how changes in beliefs about input availability affects the adoption of conservation practices. We develop a theoretical model to examine how a producer's beliefs about water...

Im Wassersektor gelten französische, britische und US-amerikanische Unternehmen als die "Champions", deutsche als Nachzügler. Lena Partzsch, Helmholtz-Zentrum für Umweltforschung (UFZ), Leipzig, untersucht diese Sicht vor dem Hintergrund der Governance-Strukturen der vier Anbieterländer. Das...

Angesichts der voranschreitenden Liberalisierungsbestrebungen und einer zunehmenden Internationalisierung der Wasserwirtschaft stellt sich die Frage, wie sich eine Änderung des Ordnungsrahmens in Deutschland auf die Marktstruktur und die Angebotsbedingungen auswirken würde. Die...