Skill-biased technical change is identified as the driving force behind the changing skill composition in OECD countries rather than structural change. The finding is partly the result of the sectoral view taken. This paper suggests a different view which uses the production process as a...

In diesem Beitrag wird gezeigt, wie sich auf Basis der zugrundeliegenden technisch-ökonomischen Zusammenhänge eine Vermeidungskostenfunktion für den Fall der Endof- Pipe-Behandlung produktionsspezifischer Schadstoffemissionen konstruieren läßt. Im Gegensatz zu den üblicherweise in der...

This paper discusses the difference between Fisherian and Ricardian trade in terms of a simple two-period model of a small open economy. Fisherian or intertemporal trade occurs when goods are traded today against the promise to deliver goods in the future. The resulting net resource transfer is...

A folk theorem in environmental economics suggests that in the presence of transboundary environmental spillovers international negotiations may improve on environmental quality. More so, if side-payments according to the victim-pays principle are undertaken, environmental safeguards agreed upon...

Since the mid-seventies, the general public of some European countries has been listening to a growing chorus of economists and politicians who lament the rising regional imbalances of unemployment. The chorus is especially large in Britain and West Germany where both an approximate north-south...

This paper characterizes the wage setting behavior in a totally unionized economy under different monetary policy rules. The wage formation strategy of the union can be either aggressive or cooperative.. As long as the union is fully cooperative and in the absence of shocks, the government can...

Trade between Eastern and Western Europe has increased considerably in the last years. Given this market-induced development, why should it be necessary to advance institutional integration? This paper argues that Central and Eastern European countries (CEECs) can potentially enhance the...