This Paper analyses whether different emission trading regimes provide different incentives to participate in a cooperative climate agreement. Different incentive structures are discussed for those countries, namely the US, Russia and China, that are most important in the climate negotiation...

This Paper elaborates on the recent race to sequence the human genome. Starting from the debate arising from the genome case on public versus private research, the Paper shows that in some fundamental research areas, where knowledge externalities play an important role, market and non-market...

Almost all previous studies on public policy under relative consumption concerns have ignored the role of leisure for status comparisons. Inspired by Veblen (1899), this paper considers a two-type optimal income tax model, where people care about their relative consumption, and where the...

Alamar and Glantz interpret smoking in restaurants as a market failure, and they claim that restaurants should welcome government laws that disallow smoking in all restaurants. Contrary to their claims, restaurant owners do have an incentive to eliminate smoking if doing so raises the value of...

In the September 2007 critique of Alamar and Glantz, I argued that smoking in restaurants (and bars) does not constitute an externality and that Alamar and Glantz’s use of cross-sectional data to derive a price/sales ratio did not show us a meaningful picture of what happened before and...

“Smoking in Restaurants: Who Best Sets the House Rules?†by David Henderson, Econ Journal Watch 4(3), is a comment on our paper “Smokefree Laws Increase Restaurant Values,†Contemporary Economic Policy 22(4). Henderson asserts that restaurant owners can internalize all of the...

This paper makes a second reply to David R. Henderson, and concludes the exchange regarding the economics of smoke-free ordinances for restaurants.

Taxation data have been used to create long-run series for the distribution of top incomes in quite a number of countries. Most of these studies have focused on the national experience of individual countries, but we can also learn from cross-country comparisons. Comparative analysis is...

During the Doha Round at the World Trade Organization (WTO), reductions in trade barriers on environmental goods (EG) were put forward as a means of helping developed and developing countries alike deal with current environmental problems. We examine the potential effectiveness of such a...

The established view on oligopolistic competition with environmental externalities has it that, since firms neglect the external effect, their incentive to invest in R&D for pollution abatement is nil unless they are subject to some form of environmental taxation. We take a dynamic approach to...