The key role of technological change in the decline of energy and carbon intensities of aggregate economic activities is widely recognized. This has focused attention on the issue of developing endogenous models for the evolution of technological change. With a few exceptions this is done using...

We define and experimentally test a public provision mechanism that meets three basic ethical requirements and allows community members to influence, via monetary bids, which of several projects is implemented. For each project, participants are assigned personal values, which can be positive or...

Amiel et al. (1999) use the Atkinson and the Gini social welfare functions to measure income inequality attitudes based on data from leaky-bucket experiments. Yet the experimental de-sign does not allow their subjects to perceive income inequality according to the Gini or the Atkinson inequality...

Leaky-bucket transactions can be regarded as a generalization of the transfer principle allowing for transaction costs. In its most rudimentary form, leaky-bucket transactions trace out the maximum leakage of transaction costs such that a transfer still pays at the margin. Yet - to pay at the...