Lobbying activities bias the political decision making process. There tend to be deviations from the socially optimal solutions. This paper shows that, in an international context, this bias is not necessarily harmful from an economic-welfare point of view. It may correct externalities that...

Consider a country possessing a specific production factor in fixed quantity, producing in combination with land a stream of services through time. Some of these services are consumed domestically. The bulk of it, however, is consumed world-wide. Despite the services the country provides to the...

Zur Vermeidung der als 'Treibhauseffekt' bekannten Klimaveränderung werden zur Zeit fast ausschließlich Maßnahmen der Kohlendioxid-Reduzierung diskutiert, obwohl neben CO2 noch eine Reihe weiterer Luftschadstoffe für den Treibhauseffekt verantwortlich sind . Im folgenden wird in Abschnitt 1...

Skill-biased technical change is identified as the driving force behind the changing skill composition in OECD countries rather than structural change. The finding is partly the result of the sectoral view taken. This paper suggests a different view which uses the production process as a...

This paper questions the standard results of an international noncooperative reduction game through considering scope effects between reduction and adaptation policies. In particular, it demonstrates that scope effects can result in positively sloped reaction curves. The paper discusses also the...

This paper discusses the difference between Fisherian and Ricardian trade in terms of a simple two-period model of a small open economy. Fisherian or intertemporal trade occurs when goods are traded today against the promise to deliver goods in the future. The resulting net resource transfer is...