Purpose: Scheduling a fleet of product tankers in a cost effective and robust way to satisfy orders is a complex task. A variety of constraints and preferences complicate this attempt. Manual solutions as common in tramp shipping are not sufficient to deliver optimal and robust schedules....

This paper analyses the implications of international trade for non-cooperative environmental policy in the case of local production externalities. A particular focus is on the potential effects of regulations on the variety of goods and the resulting international spillover caused by trade. A...

In a recent paper, Scholten and Thum (1996) analyze the impact of a pay-as-you-go (PAYG) pension system with a fixed replacement ratio on the immigration policy in a democracy. The authors extend the analysis of median voter's choice in two respects. First, in contrast to Scholten and Thum...

Thispaper examines the performance of non-cooperative environmentalpolicy in the case of local consumption externalities. In a two-countrymodel with monopolistic competiton, governments simultaneouslyimpose environmental product standards. Stricter regulationsforce the industrial sector to shift...

Aging changes the political power in a democracy in favor of the elder generations. Consequently, the retirees can extend the pay-as-you-go financed pensions. Under free labor mobility like within the EU, the success of gerontocracy, nevertheless, is restricted by migration of the young...

Purpose: Scheduling a fleet of product tankers in a cost effective and robust way to satisfy orders is a complex task. A variety of constraints and preferences complicate this attempt. Manual solutions as common in tramp shipping are not sufficient to deliver optimal and robust schedules....