This paper analyses the importance of informational asymmetries in international environmental regulation by use of a game theoretic approach of signalling games.

The paper shows that cost-effective involvement of the source location involves utmost difficulty in practice. Based on the RAINS model, it is recommended that source location should be ignored in a European market for SO2, as is the case in the U.S. Acid Rain Program. The RAINS-model predicts a...

The solution deposition of YBa2Cu3O7-δ (Y123) high temperature superconducting thin films was studied. The films were prepared from a polymer-containing precursor onto SrTiO3 (001) and LaAlO3 (001) substrates and mineralized at high temperatures. The process depended on details of the film...

We study a simple evolutionary bargaining game and show that the efficiency of bargaining behavior can depend crucially on the tie breaking rule players use. In fact, in a certain limit all the surplus is wasted. Inefficiency arises for any role assignment procedure, as long as there is some...

The extensive empirical literature on the validity of Gibrat’s law does not in general verify the law as it finds that firms’ growth rates are negatively correlated with both firm size and age. However, some studies find that Gibrat’s law holds for sub-samples of firms such as large firms...

I am grateful to Dansk Management Forum for providing me the data used in the paper, to the Danish Social Science Research Council for financial support, and to Jingkun Li for useful research assistance. An earlier version of the paper was presented at the 2002 Academy of International Business...

Two decades have passed now since the oil price shocks of the 1970s and since then <p> energy prices have - apart from short periods of price instability - evolved relatively <p> smoothly in the industrialized countries. Energy taxes in many countries differ <p> markedly thereby causing differences in...</p></p></p>