1. Refereed Journal // 2003

    Market Power and Hot Air in International Emissions Trading: The Impacts of U.S. Withdrawal from Kyoto-Protocol

    Ten years after the initial Climate Change Convention from Rio in 1992 the industrialized world is finally likely to ratify the Kyoto Protocol, which will impose legally binding greenhouse gas emission…

  2. Refereed Journal // 2003

    The Effects of Public R&D Subsidies on Firms' Innovation Activities: The Case of Eastern Germany

    This study analyzes the effects of public R&D policy schemes on the innovation activities of firms in Eastern Germany. The main question in this context is whether public funds stimulate R&D activities or simply…

  3. Refereed Journal // 2003

    Consumption vs. wage taxation and the capital levy

    Based on a representative consumer framework, it has been argued that wage taxation is inferior to consumption taxation. This note shows that the opposite result may emerge in a model where households are…

  4. Refereed Journal // 2003

    Carbon Taxes and Joint Implementation. An Applied General Equilibrium Analysis for Germany and India

    Germany has committed itself to reducing its carbon emissions by 25 percent in 2005 as compared to 1990 emission levels. To achieve this goal, the government has recently launched an environmental tax reform…