We develop a framework for natural resource valuation that directly addresses the fundamental collective action problem in environmental protection. Our framework uses the lessons of behavioral economics to create values that individual decision makers find credible and relatable, in addition to...

Dieser Artikel diente als Textgrundlage für eine „Keynote Address“, die ich am 26. Juni 2020 als Video-Vortrag zum IAMO Forum 2020 beigesteuert habe. Sie geht der Frage nach, inwiefern moralische Gefühle und helfen bzw. daran hindern, vernünftige Strategien zu finden, mit denen sich die...

Introduction -- The history of the minimum wage in the United States -- The effects of minimum wages on employment -- Minimum wage effects on the distribution of wages and earnings -- The effects of minimum wages on the distribution of incomes -- The effects of minimum wages on skills -- The...

The process leading to the setting of the minimum wage so far has been fairly overlooked by economists. This paper suggests that this is a serious limitation as the setting regime contributes to explain cross-country variation in the fine-tuning of the minimum wage, hence in the way in which the...