The international economic order pursued by the Bretton Woods 'founding fathers' was based on the idea that a combination of different international institutions would be needed to keep the world financial system from degenerating into periodic and destructive crises (Mikesell, 1994). Following...

Part I Introduction -- 1 General Equilibrium Modelling: The Integration of Policy and Project Analysis -- Part II Methodology and Estimation Issues -- 2 Demand-Driven Structural Change in Applied General Equilibrium Models -- 3 Micro-Macro Simulation of Corporate Tax Reforms -- 4 Estimating an...

The book aims at assessing the overall potential of the Ocean Economy (OE) to contribute to Mauritius' development, at identifying key sectoral and cross-cutting challenges to be overcome in order to seize that potential; and at evaluating ways to ensure the OE's longer-term sustainability,...

Scientific progress offers tremendous potential benefits to society but also presents risks. While research focuses on how to manifest the benefits of any new technology, the outside community fears the consequences that technology may inadvertently have on social goods such as the environment,...

In this paper, authors explore the effects of uncertainty on pricing of pollution permits, through the use of a dynamic model of pollution markets. Authors consider two major sources of uncertainty - that arising from the volatility of demand for the underlying resource and that coming from the...