The protection of the global environment is impeded by multilateral externalities which the international community attempts to bring under control by entering into international agreements. International agreements, however, can suffer from non-compliance and free-riding behaviour by sovereign...

Gegenstand dieses Beitrages ist die empirische Analyse des Anlageverhaltens der privaten Haushalte in der Bundesrepublik Deutschland mit Hilfe eines vollständigen Nachfragesystems. In Anlehnung an die Arbeit von Taylor und Clements [1983] wird dazu auf das von Deaton und Muellbauer [1980]...

The paper presents estimates of a dynamic demand system of the AIDS type for financial assets. The results suggest that dynamic behavior plays a major role in determining asset demand. Estimates on the basis of the equivalent static equilibrium models prove to be clearly inferior statistically....

This paper presents an analysis of the Montreal Protocol on Substances that Deplete the Ozone Layer. It advances the view that the Developing World did not exploit its relatively strong bargaining position in negotiations over sidepayments and that the concessional ten-year grace period for Jess...

In diesem Papier beschäftigen wir uns mit den Möglichkeiten einer globalen Umweltpolitik, die eine Minderung der CO2-Emissionen zum Ziel hat. Wir konzentrieren uns hierbei auf die im Rahmen des joint-implementation- Ansatzes in die Diskussion eingebrachten Vorschläge und diskutieren diese am...

The objective of this paper is to show how to initiate a market for carbon dioxide and other greenhouse gases by introducing a feasible system of tradeable emission permits, which can be applied as an efficient instrument of environmental policy in single countries and in the whole European...