Since the first decades of the 20th century scholarly activity in economics has expanded rapidly. Indeed, the cumulative stock of journal articles in economics has doubled every fourteen years. A century ago,…
Expected Utility theory is not only applied to individual choices but also to social decisions, e.g. in cost-bene t analysis of climate change policy measures that a ect future generations and hence incorporate…
We analyze the stability of ambiguity preferences experimentally, by repeatedly eliciting ambiguity attitudes towards multiple 3-color Ellsberg urns over a period of two months. 57% of the choices show stable…
We examine the role of political fractionalization in understanding the "resource curse". Using panel data for 30 oil-rich countries, we find that the income effect of resource rents is moderated by the…
In this paper, transaction costs of German firms, regulated under the EU emissions trading scheme (EU ETS) are examined empirically. Introduced in 2005, the EU ETS currently regulates carbon dioxide emissions…
This paper introduces the computable partial equilibrium energy model "Global Resource Extraction and Energy Transformation" (GREET), its structure, assumptions and the outcomes of two exemplary scenarios.…
