Category Archives: Economics

“‘Is there no way,’ said I, ‘of escaping Charybdis, and at the same time keeping Scylla off when she is trying to harm my men?’” -Homer, The Odyssey

Conventional cost-benefit studies are based on marginal analysis. A decision to […]

A Spanish folk saying goes “mujer que sabe latín no tiene marido ni tiene buen fin,” which may be translated as “a women who knows Latin can expect neither a husband nor a good ending”. The saying implies […]

The European Association of Environmental and Resource Economics has awarded its 2015 Erik Kempe Award to Ralf Martin, Mirabelle Muûls, Laure B. de Preux, and Ulrich J. Wagner for their research “Industry Compensation Under Relocation Risk: A Firm-Level Analysis of […]

In Economics, there is a number of what may be called equivalence theorems. They indicate how two seemingly different economic mechanisms are equivalent in most or all of their consequences. Typically the equivalence may be established under certain conditions that […]

Here is an example of the “discursive dilemma” or “doctrinal paradox”: Say that a jury of three members must decide by majority rule whether a candidate should be accepted in a group. The rules specify that the candidate must meet […]

It is widely accepted that low carbon technologies will contribute to reduce greenhouse gas emissions, mostly those coming from carbon dioxide, and thus slow down the global warming. That’s why most of the largest economies in the world have […]

Intellectual protection via patents and copyright provisions, among other mechanisms, has been defended on the grounds that, without it, intellectual works would not be produced in the first place. Consequently, the monopoly granted by the patents or the copyright was […]

Raluca et al. (2014) provide a survey of the economic studies regarding the performance of Fair Trade certifications. They focus on the coffee industry, by large the most important product under the Fair Trade label. In this article […]

In his book Climate Matters, John Broome (2012) examines climate change from the point of view of moral philosophy. Unlike many other essays that consider the ethics of social choice in this matter, Broome’s book contains some chapters that […]

In the first part of this series, I presented the rationale for government intervention in the health sector and, then, summarized the findings of Stabile and Thomson (2014) on the problems of financing and risk pooling in different health […]