Tradable permits are generally considered as an efficient instrument to regulate pollution by individual producers. However, uncertainty about changes in or possible discontinuation of the program could make individual farmers reluctant to invest in tradable permits. This article uses the option approach to derive a theoretical model that shows the impact of policy uncertainty on investment dec...

Abstract Azerbaijan has an oil-led economy, which according to the well-known resource curse and Dutch disease hypotheses decreases role of non-oil tradable sectors. Nevertheless, government actively fostered growth sectors as export orientation is being leveraged by recently adopted economic policies. However, performance evaluations at subsectoral level remain rare. The present paper evaluate...

Online games increasingly sell virtual goods to generate real income. As a result, it is increasingly important to identify factors and theory of consumption values that affect intent to purchase virtual goods in online games. However, very little research has been devoted to the topic. This study is an empirical investigation of the factors and theory of consumption values that affect intent t...

The recent financial crisis and subsequent recession have spurred great interest in the sources of unemployment fluctuations. Previous studies predominantly assume a single economy-wide labour market, and therefore abstract from differences across sector-specific labour markets in the economy. In Canada, such differences are substantial. From 1991 to 2010, employment in the tradable sector is a...

This paper investigates the increased role of extractive industry, particularly oil and gas, within Dutch disease model between 2000-2018 in Azerbaijan economy. phenomenon befalls when national economy produces exports a single commodity or particular sector becomes booming sector. Increased goods spendings accumulated mineral revenue appreciate currency, decreasing competitiveness thus product...