Environmental policy often has to be devised under informational constraints,like uncertainty and asymmetric information. We consider an environmentalpolicy that aims at reducing the welfare losses caused by asymmetricinformation while being sufficiently simple for implementation. Inthis policy,...

Why do some countries join the EU earlier than others, why do others wait? Inorder to answer this question we apply the theory of investment under uncertainty (Dixit andPindyck, 1994) to the decision on EU-membership. We develop a simplified model of twoperiods to study how the value of waiting...

We consider a median voter model with uncertainty about how theeconomy functions. The distribution of income is exogenously given andthe provision of a public good is ¯nanced through a proportional tax.Voters and politicians do not know the true production function for thepublic good, but by...

In einem ersten Schritt werden die Kosten- und Nutzenkomponenten eines möglichen Beitritts derSchweiz zur Europäischen Union (EU) kurz dargestellt. Nach einem Zwischenfazit wird dargelegt, auswelchen Gründen eine Gegenüberstellung von geschätzten Kosten- und Nutzenkomponenten die...

This work describes and discusses the implementation of AHP-Tutor, an IntelligentTutoring System (ITS) that provides training in various methods of derivationof priorities from an AHP comparison matrix. The purpose of our system is to offerexercise problems. The corresponding theoretical...