Tradable Permits – a Market-Based Allocation System for the Environment. Tradable Permits and Other Environmental Policy Instruments – Killing one Bird with two Stones. Tradable Permits – Ten Key Design Issues. Tradable Permits with Imperfect Monitoring. Emissions Trading with Greenhouse...

Angesichts sich wiederholender Hochwasserereignisse in Deutschland wird immer wieder die Einführung einer Pflichtversicherung gegen Elementarschäden gefordert. Der Beitrag untersucht gängige Argumente für die Einführung einer solchen Versicherung. Im Ergebnis plädieren die Autoren für...

Evidence suggests that unemployed individuals can sometimes affect their job prospects by undertaking a costly action like deciding to move or retrain. Realistically, such an opportunity only arises for some individuals and the identity of those may be unobservable ex-ante. The problem of...

We consider a competitive search model where firms with vacancies choose between posting a wage ex-ante and bargaining it with workers ex-post. Workers apply for vacancies after observing firms' wage setting decisions, and differ in some observable but not verifiable qualifications that affect...

This paper analyzes the premium charged by the private Chilean health insurance market, constituted by the private health management institutions, ISAPRES. A relationship between the expected expenditure and the socio-demographic variables, sex, age and t