The model describes a two person economy, in which one individual with positive exogenous income is altruist towards an individual with no income. The rich individual cares for her own social status. She evaluates her status by comparing disposable net cash incomes. When deciding on the size and...

The model describes a two person economy, in which one individual with positive exogenous income is altruist towards an individual with no income. The rich individual cares for her own social status. She evaluates her status by comparing disposable net cash incomes. When deciding on the size and...

Based on the Ramsey equation and an ethically motivated rejection of pure utility time discount, the Stern Review on the Economics of Climate Change concentrates on the use of the elasticity of marginal utility ç in the intergenerational social welfare function. We support this position by...

In this paper, we reconsider the debate on Weitzman's (1998) suggestion to discount the long-run future at the lowest possible rate, referring to Gollier (2004) and Hepburn & Groom (2007). We show that, while Weitzman's use of the present value approach may indeed seem questionable, its outcome,...

This paper aims to shed light on the role of the 'ideology' of political parties in shaping the evolution of the welfare state in 18 developed democracies, by providing empirical findings on the determinants of social programs entitlements and social spending over the period 1981-1999. The paper...

Im Rahmen eines Kooperationsprojekts mit der KfW Bankengruppe führt das Zentrum für Europäische Wirtschaftsforschung GmbH (ZEW) seit 2009 jährlich eine Befragung unter allen regulierten deutschen Unternehmen und zahlreichen internationalen Marktexperten des EU Emissionshandelssystems durch....

Im Rahmen eines Kooperationsprojekts mit der KfW Bankengruppe führt das Zentrum für Europäische Wirtschaftsforschung GmbH (ZEW) seit 2009 jährlich eine Befragung unter allen regulierten deutschen Unternehmen und zahlreichen internationalen Marktexperten des EU Emissionshandelssystems durch....