This essay discusses a forward-looking integrated policy concept of foreign aid in a globalizing world with climate change. First, it opts for an integrated treatment of short-term aid, striving for the urgent…
This article investigates how a firm's financial strength affects its dynamic decision to invest in R&D. We estimate a dynamic model of R&D choice using data for German firms in high-tech manufacturing…
We experimentally investigate whether groups of heterogeneous agents can reach an agreement on how to share the costs of providing a public good. Thereby, we explore the performance of different burden sharing…
Prospect theory (PT) is a widely accepted theory for decisions under uncertainty. However, so far a systematic application to climate policy (CP) does not exist. One important postulation of PT is that outcomes…
