After the U.S. and Australian withdrawal from the Kyoto Protocol, and the extension of national quotas in the Bonn- and Marrakesh-agreements, meager environmental effects and a low price of emission permits is likely to be the outcome of implementation. This paper provides an analysis of these...

All Annex B parties but Russia, Australia and USA, have ratified the Kyoto Protocol so far. It is still an open question whether Russia will ratify and secure that the Protocol enters into force. This paper therefore analyzes consequences of some proposed alternatives if the Russians decide not...

All Annex B parties but Russia, Australia and USA, have ratified the Kyoto Protocol so far. It is still an open question whether Russia will ratify and secure that the Protocol enters into force. This paper therefore analyzes consequences of some proposed alternatives if the Russians decide not...

One of the proposed alternatives to Kyoto's cap-and-trade approach is a regime based on an internationally harmonized carbon tax. In this paper, we consider and compare the enforcement problems associated with a tax regime and a cap-and-trade regime, respectively. The paper tries to convey two...

One of the proposed alternatives to Kyoto’s cap-and-trade approach is a regime based on an internationally harmonized carbon tax. In this paper, we consider and compare the enforcement problems associated with a tax regime and a cap-and-trade regime, respectively. The paper tries to convey two...

In many capital-intensive markets, sellers sign long-term contracts with buyers before committing to sunk cost investments. Ex-ante contracts mitigate the risk of under-investment arising from ex-post bargaining. However, contractual rigidities reduce the ability of firms to respond flexibly to...

This article focuses on the economic valuation of alternative clam management practices in the Venice Lagoon. The proposed valuation method is characterized by the design of a survey questionnaire next to the fishermen population. In each questionnaire two fishing alternatives are described. The...

This article focuses on the economic valuation of alternative clam management practices in the Venice Lagoon. The proposed valuation method is characterized by the design of a survey questionnaire next to the fishermen population. In each questionnaire two fishing alternatives are described. The...

This article focuses on the economic valuation of alternative clam management practices in the Venice Lagoon. The proposed valuation method is characterized by the design of a survey questionnaire next to the fishermen population. In each questionnaire two fishing alternatives are described. The...

Are efficiency improvements in the use of natural resources the key for sustainable development, are they the solution to environmental problems, or will second round effects - so-called rebound effects - compensate or even overcompensate potential savings, will they fire back? The answer to...