This paper deals with the influence of factor mobility on local infrastructure policy and rent-seeking activities of local interest groups. It employs a model where households differ with respect to their endowment with the immobile factor land. Local governments decide about the level of...

The objective of this paper is to show how to initiate a market for carbon dioxide and other greenhouse gases by introducing a feasible system of tradeable emission permits, which can be applied as an efficient instrument of environmental policy in single countries and in the whole European...

Netzwerkeffekte können zu imperfektem Wettbewerb führen und damit eine strategische Handelspolitik begründen. In einem Modell horizontaler Differenzierung mit Netzwerkeffekten wird die Wirkung strategischer Handelspolitik untersucht. Es zeigt sich, daß staatliche Interventionen tatsächlich...

Ecological dumping is a catchword used in the public discussion on environmental policies in open economies to characterize situations in which a country uses a too-lax environmental legislation as an instrument of achieving trade-related economic policy goals. The paper first tries to define...

If an economy faces stochastic fluctuations of the resource availability, for example in the case of resource imports, it is optimal in the long run to increase the domestic savings rate in contrast to a deterministic world. Uncertainty is partly substituted by capital accumulation. But this is...

Fashions and their revivals occur in a rather erratic manner. The paper shows that such fluctuations can be derived from the utility maximizing behaviour of rational individuals with stable preferences. It is assumed that the demand for the fashion good is determined, amongst other variables, by...