To tackle structural supply-demand imbalances and to increase price stability in times of economic crises,policy makers reformed the European Union Emission Trading System (EU ETS) substantially in 2015 and 2018. As the COVID-19 pandemic led to an unforeseen contraction of the economy,it serves...

Despite the reform of the European Emissions Trading System (EU ETS), discussions about complementing it with a carbon price floor (CPF) are ongoing. This paper analyzes the effect of a European CPF in the reformed EU ETS using a Hotelling model of the EU ETS, amended by the market stability...

Since 2007, the European cement and steel sectors have been characterized by substantial surplus production capacity. Hence re-investment in primary production of many materials remains limited and endangers the longer-term economic viability of many plants. Opportunities for innovation and...

Seit 2007 ist die europäische Zement- und Stahlindustrie mit einer starken Nachfragereduktion konfrontiert, die zu Überkapazitäten führte. Aus diesem Grund kommt es nur in begrenztem Maße zu Reinvestitionen bei Produktionsanlagen. Dies gefährdet jedoch die längerfristige...

Seit 2007 ist die europäische Zement- und Stahlindustrie mit einer starken Nachfragereduktion konfrontiert, die zu Überkapazitäten führte. Aus diesem Grund kommt es nur in begrenztem Maße zu Reinvestitionen bei Produktionsanlagen. Dies gefährdet jedoch die längerfristige...

Economic growth requires factor reallocation across firms and continuous replacement of technologies. Labor market institutions influence economic dynamism by their impact on the supply of a key factor, skilled workers to new and expanding firms, and the shedding of workers from declining and...

Economic growth requires factor reallocation across firms and continuous replacement of technologies. Labor market institutions influence economic dynamism by their impact on the supply of a key factor, skilled workers to new and expanding firms, and the shedding of workers from declining and...

In this introductory chapter to a collective volume,* we build on Baumol‘s (1990) framework to categorize, catalog, and classify the budding research field that explores the interplay between institutions and entrepreneurship. Institutions channel entrepreneurial supply into productive or...