Experts address "the development puzzle"--unprecedented growth coupled with unequal distribution of that growth across different countries--and focus on the importance of institutional arrangements and norms and culture.

A central issue that is discussed in climate policy is the fear of owners of stocks of fossil hydrocarbon deposits that high CO2 taxes and bans on the combustion use of hydrocarbons will turn their stocks into stranded assets. They might react by extracting and selling their reserves today: a...

Die Corona-Krise betrifft die Bevölkerung vor allem auf der wirtschaftlichen Ebene. Aber auch die psychosozialen und gesellschaftlichen Kosten sind beträchtlich. Der Umfang der Verluste an Lebenszufriedenheit wird auf Basis einer repräsentativen Studie aus dem April 2020 untersucht. Diese...

We study the long-run stochastic stability properties of volunteering strategies in finite populations. We allow for mixed strategies, characterized by the probability that a player may not volunteer. A pairwise comparison of evolutionary strategies shows that the strategy with a lower...

Some of the member states of the European Union sell citizenship or residence to wealthy foreign investors. We analyse these "golden-passport" programs as a study in the political economy of conflict and cooperation in an international meta-club. Seen through the lens of club goods theory, the...