Reorganization of public utilities is on the current political agenda in many European countries. However, in many cases the most fundamental question in terms of public policy towards these industries is not tested; does the underlying cost structure indicate a natural monopoly or not? Evans and...

In empirical productivity analysis it has become customary to use flexible functional forms to represent a firm's production technology by estimating cost functions. In this note we suggest a procedure to calculate the region where an estimated translog cost function meet the required...

Guilt averse individuals experience a utility loss if they believe they let someone down. For example, generosity depends on what the donor believes that the recipient expects to receive. We measure guilt aversion in three separate experiments: a dictator game experiment, a complete information...

International efforts on abating climate change, focusing on reductions of greenhouse gas emissions, have thus far proved unsuccessful. This motivates exploration of other strategies such as climate engineering. We modify the Dynamic Integrated model of Climate and the Economy (DICE), and use it...

This paper considers the effects of voluntary international environmental protocols on emissions, in particular the effect of the 1985 Helsinki Protocol and the 1994 Oslo Protocol on the reduction of sulphur oxides. The analysis employs panel data from 30 European countries over the period...

It has been argued that monetary incentives restrain individual creativity and hamper performance in jobs requiring out of the box thinking. This paper reports from an experiment designed to test if the negative incentive effect is present also when individuals work together to solve such...

It has been argued that monetary incentives restrain individual creativity and hamper performance in jobs requiring out of the box thinking. This paper reports from an experiment designed to test if the negative incentive effect is present also when individuals work together to solve such...