This dissertation consists of two theoretical papers on market-based environmental policy. The first paper exploits the correlation between the environmental performance of firms and their economic performance to show that financial markets can be used to help enforce environmental policy and to...

What are the conclusions that we have to draw from the foregoing discussion? We must conclude that the prevailing practice of evaluating benefits and costs in terms of present costs and prices is not only likely to lead to an under-statement of actual costs, but also may lead to gross...

In the first chapter of this dissertation, I estimate the long-run price elasticity of supply of renewable electricity generating capacity using the variation in state mandates for renewable electricity production. These mandates require electricity providers to purchase a predetermined fraction...

This research investigated the general association between corporate environmental performance and the firms' annual returns independent of any particular environmental event. The association analysis was based on the most recent environmental data for the years 2006, 2007, and 2008. The results...

Távoktatási jegyzet

This dissertation provides a robust assessment of value surfaces and the potential for benefit transfer (BT) in the international context of coral reef. Environmental values are considered as useful tools to improve management of these declining ecosystems. Nevertheless, primary valuation is...

As networks improve and new services emerge, questions arise that affect service deployments and network choices. The Internet is arguably a successful example of a network shared by many services. However, combining heterogeneous services on the same network need not always be the right answer,...

This dissertation contains three essays that can be read independently. The first chapter examines how a debt crisis can occur and persist as a result of unanticipated, transitory, real interest rate and commodity price shocks. Using an optimal stopping framework, the debtor country's optimal...

This study is an empirical analysis of household expenditure behavior using the Linear and Quadratic Expenditure Systems. The expenditure systems are estimated using data collected in 1972 by the Departmento Administrativo Nacional de Estadisticas (DANE) of Bogota, Colombia. The Linear...