This forward-looking volume offers insights into the globalization of the Chinese economy and its accession to the WTO. The contributors provide updated accounts of recent developments in the Chinese economy and examines the implications of China's accession for the rest of the world.

This forward-looking volume offers insights into the globalization of the Chinese economy and its accession to the WTO. The contributors provide updated accounts of recent developments in the Chinese economy and examines the implications of China's accession for the rest of the world.

This forward-looking volume offers insights into the globalization of the Chinese economy and its accession to the WTO. The contributors provide updated accounts of recent developments in the Chinese economy and examines the implications of China’s accession for the rest of the world.

This paper emphasizes that political behavior of interest groups is a result of economic calculation, and therefore is affected by the market conditions under which they operate. We develop a two-stage game to link political and market decision-making. We find that if unproductive rent-seeking...

As the mandate for minimum renewable sources renders Tradable Green Certificates (TGCs) an essential input for power generation, it may induce mergers between power companies of conventional and renewable sources. Such mergers enable the integrated firms to extend market power from the TGC...

Feed-in tariff (FIT) and tradable green certificate (TGC) schemes are studied in a formal model and numerical example using the UK data. We find that if the markets were perfectly competitive, then feed-in tariff and the certificate price would be the same. However, when the markets are...