We analyze investment decisions when information is costly, with and without delegation to an agent. We use a rational-inattention model and compare it with a canonical signal-extraction model. We identify three "investment conditions". In "sour" conditions, no information is acquired and no...

This paper provides a model-based macroeconomic assessment of First-Mover Advantage (FMA) in environmental technologies, in which a European sector becomes world leader and captures the global market for a particular technology. The E3MG model is used to assess a set of scenarios where the FMA...

Chapter 1. The Impact of Tourism and Renewable Energy Use over Economic Growth in Top 10 Tourism Destinations -- Chapter 2. The Possible Influence of the Tourism Sector on Climate Change in The US. Chapter 3. Tourism Sector and Environmental Quality: Evidence from Top 20 Tourist Destinations --...