Decision makers often rely on experts' evaluations to decide on complex proposals.
Proponents want the approval of their proposals and can work to improve their quality. The …

Millions of firms seek voluntary certification to signal unobserved quality. This paper
investigates how stricter enforcement of certification rules affects firms' participation and …

We study the optimal design of regulation for innovative activities which can have negative
social repercussions. We compare two alternative regimes which may provide firms with …

Agencies around the world are in the process of developing taxonomies and standards for
sustainable (or ESG) investment products. A key assumption in our model is that of …

We study the optimal design of regulation for innovative activities which can have negative
social repercussions. We compare two alternative regimes which may provide firms with …

Agencies around the world are in the process of developing taxonomies and standards for
sustainable (or ESG) investment products. A key assumption in our model is that of non …

Die notwendige ökologische Transformation aber auch darüberhinausgehend die
zunehmenden Erwartungen, die Gesellschaft und Politik an die Wirtschaft stellen, erfordern …