In the light of global warming, this paper develops a framework to compare energy and transportation technologies in terms of cost-efficient GHG emission reduction. We conduct a simultaneous assessment of economic and environmental performances through life cycle costing and life cycle...

This article explains Europarties' inability to act and position themselves cohesively in EU politics. It develops a theoretical framework based mainly on domestic parties' disincentives to agree on a common Europarty position. The framework is applied to the case of social democracy and fiscal...

This paper addresses the issue of how to organise a two-product industry with interdependent demands when the regulator cannot observe the demand level of the goods produced. Two industry structures are compared: a multiproduct monopoly, in which an informed firm produces both goods, and a...

This paper studies the impact of social trust and formal legal institutions on capital accumulation in a panel of countries. The results not only confirm that both social trust and the quality of formal legal institutions have a positive impact on capital accumulation, but also show that they...