Financial liberalization and integration have generated disappointing results. They were supposed to set up a win-win situation: capital would flow from capital-abundant, low-return, aging industrial countries to capital-scarce, high-return, young emerging countries. Growth in receiving...

The implementation of activities aimed to mitigate global greenhouse gas emissions is more cost-efficient in developing countries than in most of the industrialized world. Thus it has been a major, but contentious topic in the climate negotiations to allow crediting of emissions reduction in...

The Mekong River is the dominant geo-hydrological structure in mainland Southeast Asia, originating in China and flowing through or bordering Myanmar, Laos, Thailand, Cambodia, and Vietnam. Whereas water resources in the wet season are more than adequate to fulfill basin needs, there are...

Much potential for trade liberalization exists in industries and markets with trade barriers that are prohibitive for all or many firms. In standard political economic theories of trade policy, observed prohibitive barriers must be globally optimal according to static government preferences,...

Shared values are deemed necessary as a solid foundation for social cohesion by commentators and observers in many countries. However, when examining what kind of values this is based on, answers often come down to platitudes and national clichés. This discussion paper offers some clarification...

Corruption is a widespread phenomenon. Nevertheless, causal evidence on the effects of corruption is still lacking. In this paper, we assess whether and how corruption affects cooperation using a public good game experiment. Overall, contributions to the public good are reduced by 30% when...

This volume contains two papers which use the ozone problem as the empirical starting of their analysis. Gladwin/Ugelow/Walter survey empirically the sectors of the economy which produce fluorcarbons. The regional origin of fluorcarbons in the world and possible international ozone management...

Umweltsysteme wie die Atmosphäre, Flüsse, Seen und Meere machen vor nationalen Grenzen nicht halt. Das wird in Europa besonders deutlich. Daher treten eine Vielzahl grenzüberschreitender Umweltallokationsprobleme auf. Aufgrund der nationalen Souveränitätsrechte lassen sich diese Probleme...

Die größten Umweltprobleme der Gegenwart besitzen ausnahmslos eine internationale Dimension. Die Ausdünnung der Ozonschicht, die globale Erwärmung, die Zerstörung der Tropenwälder oder die Meeresverschmutzung machen nicht vor nationalen Grenzen halt. Da auf internationaler Ebene keine...