It is frequently observed that the implementation of green policies is delayed compared to the initial announcement. Considering a setting with a representative monopolist extracting a non-renewable resource, we demonstrate that announcing a green policy, but then delaying its implementation, is...

This paper proposes new regulation for nuclear power reactors aimed at increasing their safety. We begin by describing how limited liability leads to risk-loving behaviour in nuclear power companies and unsafe nuclear power reactors. By reviewing current regulatory regimes, we show that this...

Kraftstoffpreise werden weltweit maßgeblich durch Staatseingriffe in Form von Steuern und Subventionen beeinflusst. Die meisten Staaten haben mittlerweile Steuern implementiert und nur noch wenige, vor allem einige erdölexportierende Länder, subventionieren Kraftstoffe. Jedoch geht auch in...

This paper describes how limited liability leads to risk-loving behaviour in nuclear power companies and unsafe nuclear power plants. By reviewing current regulatory regimes, we show that this Number is not being sufficiently addressed today. Therefore, we evaluate five regulatory instruments:...