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Despite a heated debate on the perceived increasing complexity of financial regulation, there is no available measure … measures from the computer science literature by treating regulation like an algorithm - a fixed set of rules that determine … regulation of a bank in a theoretical model, to an algorithm computing capital requirements based on Basel I, and to actual …
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Within the field of environmental economics, the role of technological change has received much attention. The long-term nature of many environmental problems, such as climate change, makes understanding the evolution of technology an important part of projecting future impacts. Moreover, in...
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Using a panel of household travel diary data collected in Germany between 1997 and 2005, this study assesses the effectiveness of fuel efficiency improvements by econometrically estimating the rebound effect, describing the extent to which higher efficiency causes additional travel.Following a...
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Pigouvian taxes can fully correct for market failures due to externalities, but actual policies are commonly forced to deviate from the Pigouvian ideal due to administrative or political constraints. This paper derives sufficient statistics, which require a minimum of market information, that...
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