For many years, stated preference researchers have been interested in the effects of information on willingness to pay for environmental goods. Within the random utility model, information about an environmental good might impact on preferences and on scale (error variance), both between and...

We analyze existing definitions of carbon leakage and provide a new rigorous one. This is then tested using computable general equilibrium analysis for unilateral carbon dioxide abatement programs in the EU. Our model of the global economy is disaggregated into three regions. The analysis...

The paper looks at people’s preferences for the changes in selected ecosystem services resulting from new management strategies of forest areas in Poland. It applies a generalized multinomial logit (G-MNL) model to interpret the results of a discrete choice experiment (DCE) study administered...

This paper uses several decomposition of poverty and poverty changes to identify factors explaining recent changes in absolute income and consumption poverty in Poland during 1998−2008. Shapley decompositions of poverty changes into growth and redistribution components show that fast economic...

The paper analyzes the factors influencing situation and retirement decisions of different cohorts in Poland in years 1995-2007. We checked if changes in economic activity at the later stage of professional life can be observed via changes in the social security legislation and their...

There is vast literature examining how households’ income and consumption change over the life cycle. These studies, however, are usually restricted to developed economies. The main objective of this paper is to add to this literature by investigating the life cycle profiles and relative...

Pollution charges are directly applied on exported and domestic, but not imported commodities. We investigate how environmental taxation affects foreign trade in the Czech Republic. Using computable general equilibrium modeling with bottom-up approach, we consider a small-open economy with...

This paper explores cointegration among three of the most popular agriculture soft commodities (corn, soya and wheat) and its potential usefulness for dynamic asset allocation strategies. Johansen tests indicate that natural logarithms of weekly prices of corn, soya and wheat futures are...

This paper applies two recently introduced measurement frameworks to analyze the effects of economic growth and inequality changes on the performance of the poor’s living standard in Poland during the recent decade of 1998–2008. We use both an approach based on a general class of...

In this paper the application of several option pricing models has been tested on the basis of options traded on the Warsaw Stock Exchange. At first, theoretical option prices have been calculated according to the models chosen. Next, the models have been tested by comparing their option prices...