Marine Protected Areas (MPAs) have long been advocated as effective management vehicles for promoting long-term conservation of marine resources and biodiversity. However MPAs are failing in their conservation goals, … read more »
We propose a model for trading in emission allowances in the EU Emission Trading Scheme (ETS). Exploiting an arbitrage relationship we derive the spot prices of carbon allowances given … read more »
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Since the open door policy in 1978, China has undergone enormous economic and social changes making the country one of the largest economies and consumers of resources in the world. The pronounced differences in income and lifestyles especially between urban and rural China were also part of China’s economic rebirth. This paper explores current trajectories […]
