This paper studies the effect of foreign direct investment (FDI) on environmental policy stringency in a two-country model with trade costs, where FDI could be unilateral and bilateral and both governments address local pollution through environmental taxes. We show that FDI does not give rise...

We investigate the impact of online crowdlending platforms on the small business loans originated by US depository institutions between 2009 and 2017. Using the bank loan data disclosed under the Community Reinvestment Act and the entries of LendingClub and Prosper across US states, we find that...

The volume provides a thorough analytic treatment of recent environmental policy problems. All papers discuss these problems by a rigid economic analysis of these issues. The contributions of this volume discuss the double dividend hypothesis, the role of non-profit organisations for...

This paper develops an efficiency theory of contingent trade policies. We model the competition for a domestic market between one domestic and one foreign firm as a pricing game under incomplete information about production costs. The cost distributions are asymmetric because the foreign firm...

This paper develops an efficiency theory of contingent trade policies. We model the competition for a domestic market between one domestic and one foreign firm as a pricing game under incomplete information about production costs. The cost distributions are asymmetric because the foreign firm...