The importance of manufacturing for industrialized countries has been reappraised, specifically in the wake of the financial crisis and of China's rise to world no 1 in manufacturing. A "new industrial policy" should bolster reindustrialization, different from the old selective and...

Policy advocates frequently request for unilateral action to push forward climate protection in international negotiations. It is yet conventional wisdom in environmental economics that unilateral action does not pay for the first mover due to free-riding behavior of the other countries. How...

The paper considersan industry where the effects of pollution can be off-set by investing in adaption as a private good. The focus is not on external effects, but on economies of scale that are introducted when the costs of adapting to pollution are independent from the quantity produced. The...