Should two-band income taxes be progressive given a general income distribution? Weprovide a negative answer under utilitarian and max-min welfare functions. While this resultclarifies some ambiguities in the literature, it does not rule out progressive taxes in general. Ifwe maximize total or...

Many economists and psychologists refuse the idea that behaviour could be based on any other motives than selfish and hedonistic ones, at least in the context of economy, mainly based on a methodological premise, not so often on empirical research. The corresponding image of man that is inherent...

In pure population problems, a single resource is to be distributed equally among theagents in a society, and the social planner chooses population size(s) and per-capita consumption(s) for each resource constraint and set of feasible population sizes within thedomain of the solution...

The paper examines what impact different design options of emissions trading have on the innovation process in the electric power industry. Recent concepts of innovation research in evolutionary economics are reviewed and investment cycles in the German power sector are examined before taking a...

At the General Assembly of the Geneva Association held 28-31 May 2008 in Hamilton, Bermuda, the CEOs of the world's leading insurance and reinsurance companies decided to launch a new research project on climate change and its economic impact on insurance (CC+I). This initiative reflects one of...

Extreme weather patterns are causing major damage on property and business and the question of who pays is becoming a serious issue. A law and economics point of view focuses on the problem that emitters of greenhouse gases externalize the true costs of their contribution to climate change...

Sustainability ; Climate Change ; What can the (re)insurance industry do? ; CC is also a societal choice...

There are indeed many unknowns: climate science deals in probability and risk, not in certainties. However, if we value the well being of our children and grandchildren, even small risk of catastrophic events merit an insurance-based precautionary approach...

Overview ; Current Insurance Cat Regulation ; AMIS Climate Change Group ; The Mexican Hydrometeorological Perils Endorsement ; Deficiencies in Building Codes...