In the basic model of the literature on international environmental agreements (IEAs) (Barrett 1994; Rubio and Ulph 2006) the number of signatories of selfenforcing IEAs does not exceed three, if non-positive emissions are ruled out. We extend that model by introducing a composite consumer good and...

This contribution examines the mechanisms for inducing compliance with international norms and rules as one major form of institutional effects. More specifically, it tackles the process from norm recognition to norm compliance. Two social logics of institutional impact are distinguished. They...

As carbon sinks, forests play a critical role in helping to mitigate the growing threat from anthropogenic climate change. Forest carbon offsets transacted between GHG emitters in industrialised countries and sellers in developing countries have emerged as a useful climate policy tool. A model...

Agents operating in illegal markets cannot resort to the justice system to guarantee property rights, to enforce contracts, or to seek protection from competitors’ improper behaviors. In these contexts, violence is used to enforce previous agreements and to fight for market share. This...

Various WTO Members submitted a Communication to the WTO in November 2018 which, if accepted, would affect the implementation of Members' transparency and notification obligations at the WTO. It would strengthen the already burdensome notification obligations and introduce new punitive...

Die Ökonomik der Kriminalität und die darauf aufbauende Ökonomik der Sicherheit konzentrieren sich vorwiegend auf Strafen als Mittel der Politik. Dies ist aus verschiedenen Gründen unklug. Zum einen gibt es eine Reihe von Bedingungen, unter denen Bestrafung nicht wirkt oder die Zahl der...

Substantial evidence suggests the behavioral relevance of social preferences and also the importance of social influence effects ("peer effects"). Yet, little is known about how peer effects and social preferences are related. In a three-person gift-exchange experiment we find causal evidence...

Die Europäische Kommission unterstützt die Entwicklung und Nutzung von Datenschutz-Gütesiegeln. Diese sollen die Konformität von Produkten und Dienstleistungen mit Datenschutzregeln zertifizieren und Verbrauchern Produktauswahl und -vergleiche erleichtern. In Deutschland plant die...

This research aims to test empirically the relationship between the Financial Performances (Profitability) and the level of Corporate Governance Disclosure (CGD) by the listed non-financial companies in Bangladesh. Data are taken from annual reports of the listed companies in the 2007. This...