The EU Emissions Trading Scheme (EU ETS) remains by far the largest trading programme for greenhouse gas emissions, and as such has a key influence on the global market in emission certificates. In Germany,…
Given the scarcity of resources an economic approach is necessary in order to determine an optimal strategy of adaptation to climate change. In this paper we develop an economic framework for the study of…
The provision of public goods often relies on voluntary contributions and cooperation. Many economic experiments have studied the determinants of cooperative behavior as well as the implementation of…
