We identify and explain significant differences between the compliance enforcement systems of three cap-and-trade programmes: the European Union's Emission Trading Scheme (EU-ETS), the US SO2 emission trading programme and the Kyoto Protocol. Because EU-ETS's compliance enforcement system is...

More than two decades of climate change negotiations have produced a series of global climate agreements, such as the Kyoto Protocol and the Copenhagen Accords, but have nevertheless made very limited progress in curbing global emissions of greenhouse gases. This paper considers whether...

European integration has grown increasingly differentiated. EU member countries now integrate at different speeds and frequently resort to opt-out clauses, while occasionally voicing deep discontent with the direction of the integration process. Nevertheless, European integration essentially...

The compliance enforcement system of the Kyoto Protocol provides only weak incentives for Parties to comply with their commitments. For example, the penalties for non-compliant countries are not legally binding, and moreover, there is no second-order punishment for those countries that fail to...

Elected representatives serving their final period face only weak incentives to provide costly effort. However, overlapping generations (OLG) models suggest that exit prizes sustained by trigger strategies can induce representatives in their final period to provide such effort. We evaluate this...

Elected representatives serving their final period face only weak incentives to provide costly effort. However, overlapping generations (OLG) models suggest that exit prizes sustained by trigger strategies can induce representatives in their final period to provide such effort. We evaluate this...

We provide experimental evidence of self-serving fairness ideals in a dictator game design that includes treatments where funds can be transferred in two ways to the one player and in one way to the other. Two methods for transferring funds to the recipient produce the same results as the...