The efficiency of market-determined risk classification in automobile insurance is a lasting matter of controversy. It can be traced back to the 1950s (Muir, 1957) and received broad economic attention in the 1980s when spiralling car insurance premiums in the US were blamed on tariff...

This paper provides an overview on the existing systems of natural hazards insurance in Europe, their structural characteristics and peculiarities. It also discusses the difficulties of an adaptation of these systems to climate change and a growing number of natural disasters. Using the case of...

This papers studies the effects on service quality and consumer surplus of a minimum price which is fixed by a bureaucratic non-monopolistic professional association. It shows that the price set by a Niskanen-type professional assocation will maximize consumer surplus only if consumers demand...

The German Environmental Liability Law (ELL) of 1991 has introduced far-reaching civil liability for environmental damages with the aim to increase firms? efforts to prevent accidents. Previous studies find poor evidence that this goal has actually been achieved. One and a half decades after the...

This paper investigates in detail the design parameters of the two most prominent U.S. tradeable emission permit program - the U.S. EPA Sulfur Allowance Trading Program and the South Californian Regional Clean Air Incentives Market (RECLAIM). In contrast to expectations and the existing...

This paper develops an analytical framework for studying the Baumol-Oates efficiency of traditional single instrument abatementpolicies vis-à-vis green defaults in the face of price inertia and deliberate defaultingby subpopulations. In this special case ofbehavioural heterogeneity, command and...

Handlungsempfehlungen (deutsch): Gegenseitigkeit und Vertrauen können in verschiedener Weise den Abschluss internationaler Klimaschutzvereinbarungen fördern: 1. Klimapolitische Instrumente sollten derart gestaltet werden, dass sie mit dem Prinzip der Gegenseitigkeit („Reziprozität“)...

Handlungsempfehlungen (deutsch) <p>Um auf die Bedürfnisse unterschiedlicher Länder einzugehen, sollte ein dreiteiliges Klimafondssystem eingeführt werden: <p>1. Die finanzielle Förderung von Anpassungsaktivitäten ist ausschließlich in Least Developed Countries empfehlenswert. <p>2. Um...</p></p></p>