Over the last decade Germany has boosted renewable energy in power production by means of massive subsidies. The flip side are very high electricity prices which raises concerns that the transition cost towards a renewable energy system will be mainly borne by poor households. In this paper, we...

Despite recent achievements towards a global climate agreement, climate action to reduce greenhouse gas emissions remains quite heterogeneous across countries. Energy-intensive and trade-exposed (EITE) industries in industrialized countries are particularly concerned on stringent domestic...

First, this article proposes that the rise of the Internet and further information and communication technologies (ICT) has facilitated the evolution of a new, virtual form of relational contracts. This hypothesis is developed inductively by drawing on the results of an explorative empirical...

The European Union is in troubled waters. Its original reliance on law as the object and agent of the integration project and on the “economic constitution” which the EMU, as accomplished by the Treaty of Maastricht, were expected to complete have proven to be unsustainable. Following the...

This working paper presents the initial results of our representative survey of physicians working in Germany who are non-German EU citizens and who have recently immigrated to Germany (N: 1712). We address the education and training obtained by respondents by investigating the country in which...

The aim of this study is to examine the effects of bank-specific, regulatory and macroeconomic determinants on bank risk, profitability and solvency in the Armenian banking sector. To account for these, we apply a GMM technique to a panel of 22 Armenian banks covering the 2003-2014 period. The...

Alternative perspectives on the structure of international trade have important implications for the evaluation of climate policy. In this paper we assess climate policy in the context of three important alternative trade formulations. First is a Heckscher‐Ohlin model based on trade in...

We test whether the relationship between subjective well-being (SWB) of European citizens and the structure of electricity supply has changed after the Fukushima nuclear accident of March 11, 2011. Survey data for about 124,000 individuals in 23 European countries reveal that while European...