How large should a monetary policy committee be ? Which voting rule should a monetary policy committee adopt ? This paper builds on Condorcet?s jury theorem to analyse the relationships between committee size and voting rules in a model where policy discussions are subject to a time...

We have witnessed a large increase in the number of publications on sustainability challenges over the past decade. One important characteristic of the research is with the wide variety of actors that can make use of the results. Sustainability knowledge is often not only relevant for those in...

Efforts and programs toward aiding sustainable development in less affluent countries are primarily driven by the moral imperative to relieve and to prevent suffering. This utilitarian principle has provided the moral basis for humanitarian intervention and development aid initiatives worldwide...

Manufacturing in areas of the developing world that lack electricity severely restricts the technical sophistication of what is produced. More than a billion people with no access to electricity still have access to some imported higher-technologies; however, these often lack customization and...

We are proud of Challenges in Sustainability's (CiS) fruitful start. A variety of quality research articles, editorials and notes have been published on a range of themes and topics, including sustainability governance [1], improved cookstoves [2,3], the potentials of 3-D printing in the global...

An estimated 2.6 billion people rely on traditional biomass for home cooking and heating, so improving the efficiency of household cookstoves could provide significant environmental, social and economic benefits. Some researchers have estimated that potential greenhouse gas emission reductions...

This paper discusses the problem of crowding out of insurance by co-existing governmental relief programs - so-called 'charity hazard' - in a context of different institutional schemes of governmental relief in Austria and Germany. We test empirically whether an assured partial relief scheme (as...

How large should a monetary policy committee be? Which voting rule should a monetary policy committee adopt? This paper builds on Condorcet's jury threorem to analyse the relationships between committee size and voting rules in a model where policy discussions are subject to a time constraint....

There are many reasons to suspect that benefit-cost analysis applied to environmental policies will result in policy decisions that will reject those environmental policies. The important question, of course, is whether those rejections are based on proper science. The present paper explores...

This paper discusses the problem of crowding out of insurance by co-existing governmental relief programs - so-called 'charity hazard' - in a context of different institutional schemes of governmental relief in Austria and Germany. We test empirically whether an assured partial relief scheme (as...