This paper studies empirically the relationship between competition and risk taking in banking markets. We exploit an unique dataset providing information about all bank loans to Norwegian firms over several years. Rather than relying on observed market shares, we use the distance between bank...

Auctions have the potential and are expected to improve the cost-effectiveness of nonpoint source pollution abatement to which the polluter pays principle is considered difficult to apply. In this study, we consider a model of reverse auction in which emissions trading credits for reducing...

Auctions have the potential and are expected to improve the cost-effectiveness of nonpoint source pollution abatement to which the polluter pays principle is considered difficult to apply. In this study, we consider a model of reverse auction in which emissions trading credits for reducing...