This study analyses the cost-effectivness of different measures to improve local air quality. To determine the effectivness a special index for air pollution is used. The results show a considerable variation of the efficiency of the examined measures. All the efficient measures are very...

In the present paper a Barro-Gordon model of monetary policy with asymmetric information is considered. Since monetary policy formation is an ongoing process with repeated interactions between the central bank and the private sector, game-theoretic methodology is the appropriate tool to analyse...

International economics has distinguishing characteristics which make it a unique sub-field in economics. It is vitally concerned with the co-existence of markets with overlapping domains - some markets are national and some international, with different rules applicable to residents of...

Arguments in support of the view that trade provisions are an essential part of certain multilateral environmental agreements (MEAs) can be categorized as follows: (1) such provisions are necessary on grounds of economic efficiency (optimal intervention or lowest overall cost), or (2) they are...

Today it seems neither economically and ecologically efficient, if Switzerland reduces its carbon-dioxide (C02) emissions in a national solo-run. But calculations from a dynamic general equilibrium analysis show: If at high probability an international agreement on C02 reductions will be...

In this paper, we investigate the properties of weekly stock market returns indexes. Four series are examined (Germany, France, United Kingdom and Switzerland). Non linear dependances are found for these markets. The QGARCH class of models describes the returns quite well. Residuals are i.i.d....

This article studies the causality link between government expenditure and revenue at federal, state and local levels in Switzerland. It attempts to gather empirical evidence regarding the question of whether the government pursues a "tax and spend" or "spend and tax" policy. The Granger and...

We discuss three models from the literature in which transportation costs play a critical role in evaluating international economic integration. One considers costs on intra-bloc trade, one those of extra-bloc trade, and one the relativity of the two. We then examine estimates of the actual...

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This paper investigates why Third World cities have been growing in the last several decades much more quickly than cities in industrialized countries. For this purpose, we develop a Krugman-type model of economic geography with two continents, North and South, each of which consisting of two...