This article provides a survey of the issues at stake in the first dispute settlement procedure concluded under the new WTO. The article focuses on the peculiarities of the new procedure and, in particular, on the new appellate body and its functions. The possibbility of an appeal against a WTO...

This paper compares direrent versions of the simulated counterparts of the Wald test, the score test, and the likelihood ratio test in the multiperiod multinomial probit model. Monte Carlo experiments show that the simple form of the simulated likelihood ratio test delivers the most favorable...

Based on a unique firm-level data set from the German manufacturing sector, this paper disentangles environmental and non-environmental product and process innovations. The multivariate probit analysis shows that the various innovation types are determined by different factors. The estimation...