The economy implications that climate change holds for agricultural sectors in 2050 are estimated using a static computable general equilibrium model. A peculiar feature of this exercise is the interfacing of the economic model with a climate model forecasting temperature increase in the...

n this paper, we analyze the consequences of biotechnology innovations in the United States forest sector (logging) by modeling technology transfer embodied in trade flows and its absorption. A seven-region, seven-traded-commodity version of a dynamic computable general equilibrium model is used...

This paper describes the structure of the world gold market, its sources of supply and demand, and how it functions. The market has three principal functions in three major locations: the New York futures market speculates on spot prices, which are largely determined in London, whereas physical...

Climate change has been identified as quot;The biggest market failure the World has ever seenquot;, (Stern 2006). This paper identifies the cost of finance as an influential element of this market failure to allocate resources to renewable energy. One approach to mitigate market failure is the...

Previous research often emphasised the similarity of shareholder protection in common law (or English legal origin) countries. Conversely, this article found a remarkable diversity of shareholder protection in common law countries. Using our new shareholder protection index with 60 variables, we...

Since the beginning of the new century harmonisation of company law has once again been on the European agenda. One of its most important aims is the protection of shareholders. This article addresses this aim from a leximetric perspective. At the outset, it will be explained what leximetrics is...

Though both the U.S. Constitution and the Michigan Constitution say that property shall not be taken for public use quot;without just compensation,quot; court interpretations of various laws and regulations have undermined that principle. Owners are usually awarded compensation in the courts...

This paper addresses the effects of environmental contamination and positive amenities on proximate residential real estate property values in the United States. Contamination sources include leaking underground storage tanks, superfund sites, landfills, water and air pollution, power lines,...

Climate change has been identified as ldquo;The biggest market failure the World has ever seenrdquo;, (Stern 2006). This paper identifies the cost of finance as an influential element of this market failure and how it can be removed. One approach would be to use a renewable energy backed...