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This paper applies the replacement cost method for calculating the value of stochastic carbon sink in the EU climate policy for mitigating carbon dioxide emissions. Minimum costs with and without carbon sinks are then derived with a safety-first approach in a chance constrained framework for current system with an emission trading system and national allocation plans and a hypothetical system where all sectors trade. The theoretical results show that i) the value of carbon sink approaches zero for high enough risk discount, ii) relatively low abatement cost in the trading sector curbs supply of permits on the ETS market, and iii) large abatement costs in the trading sector create values from carbon sink for meeting national targets. The empirical application to the EU commitment of 20% reduction in carbon dioxides shows large variation in carbon sink value depending on risk discount and on institutional set up. Under no uncertainty, the value can correspond to approximately 0.45% of total GDP in EU under current policy system, but it is reduced to one third if all sectors are allowed to trade. The values are unevenly allocated among countries, but in different ways depending on EU policy; under current system countries make gains from reduced costs of meeting national targets, under a sector wide trading scheme buyers of permits gain from reductions in permit price and sellers make associated losses.

The paper analyses the role of ideas, past experience and crises in the process leading to theoretical and political disputes and the changes of monetary and banking policy in Sweden in 1844/45. It also analyses the role of institutional settings and types of actors involved in the decision-making process. A comparative approach is deployed. Policy changes at the time in the poor and peripheral Sweden is contrasted with the well-known developments in England. The results suggest that current events and past experience were important factors. Purely theoretical considerations played a somewhat lesser role in determining the policy-change. Institutional peculiarities and country characteristics did not significantly alter the core outcomes, but certain specific features. Probably an influx of ideas, policies and experiences from England also influenced policy choices in the case of Sweden.

Lithuania and Southern Sweden share similar natural conditions, but differ considerably in forest policies and management; thereby providing an opportune basis for comparative studies. Since the 1990s, Sweden has attempted to reduce the negative impact of its forest management on biodiversity, after decades of intensive production forestry. In contrast, Lithuania has been intensifying forestry practices associated with the post-soviet socio-economic transition. Here we assess the actual outcomes by comparing selected forest structure and composition variables known to be indicators for forest biodiversity; and estimate the prospective trends by scrutinising current forest policies and management. Our results indicate that Lithuanian forests consistently possessed higher rankings in six indices related to tree species composition, stand age, and deadwood quantities that are positively associated with forest biodiversity. The reverse is indicated by those data on stand age and tree diameter that are associated with centennial dynamics in forest utilisation intensity. With respect to policy instruments, Lithuania designates a substantially greater share of forest area to non-timber functions and legislates more severe management restrictions in forests targeting timber production. Concurrently, all estimates of forestry activities indicate more intensive forest management in Southern Sweden, including a higher share of artificial regeneration and shorter rotations. This allows concluding that, if current forest management practices persist, then an increased "biodiversity gap" may be expected between the two countries. The study concludes with discussing to what degree the identified trends are the direct product of targeted policies versus merely by-products of other factors.

The purpose of this thesis is to, from an institutional approach, study how the Stockholm importers within the textile sector adapted their foreign trade to the change in economic policy 1720 through 1738. The focus is to investigate to what extent the introduction of new laws, regulations etc. can be an explanation for what happened to Stockholm's foreign trade, mainly imports, particularly textile imports during the period. It is mainly the economic policies that had been enacted during the Hornian government and their effects that have been studied. This is a period that has seldom been studied in other research. This thesis begins when the Russian raids were over. This was a year when the foreign trade still was relatively free and was untouched by the 17th century's regulations. After 1721 the policies that would be introduced to increase Sweden's level of self-sufficiency and strengthen ties with the North Sea area had several components. Besides the economic policy, the main sources for the thesis are the city toll records. The trade policies in the shape of tolls and fees, import and consumption bans etc. and the commercial policies together became different kinds of political tools used for several purposes. The conclusion of this thesis is that the economic policies made the Stockholm importers adapt their trade to the change. The import bans and sumptuary laws had an effect. The economic policies gave rise to an increase in the import of textile raw materials. The rise in toll costs and import fees contributed to displacing the foreign trade towards other areas. The change in the economic policies was successful in the sense that it gave rise to new conditions for domestic production within the textile sector and forced Stockholm's importers to adapt their foreign trade.

The aim of this thesis is to understand the decision-making processes concerning ice-breaking along the coast of Norrland, with the specific aim to analyse the activities of regional interest groups in the Norrland region and government agents at different administrative levels at the key stages of the decision-making processes: initiation, drafting and decision-making. The thesis also explores how institutional factors at different administrative levels affected the agents that were involved at those stages of the decision-making processes. As navigation along the northern Swedish coast must negotiate winter conditions which causes ports to freeze over, the government ice-breaking service functions as an instrument to compensate the export firms in Norrland for these constrains. Year-round navigation in the north Swedish coastal waters was achieved through a series of decision-making processes that took place during the period from 1940 to 1975. These decision-making processes are important to study since ice-breaking was an integrated component of the expanding heavy basic industries in Norrland and thereby for the rapidly growing exports during the 1950s and 1960s. This period is the decisive point in the economic history of the Norrland region regarding how the natural resources should be exploited and how exports should be advanced. This study concludes that the decision-making processes were initiated by government agents at different administrative levels. Official investigatory commissions were set up at several occasions to deal with issues related to the government ice-breaker service by the ministries responsible for ice-breaker policy. It is also demonstrated that the decision-making processes concerning ice-breaker investments were initiated by the government boards that were responsible for the operation of the ice-breaker service. In this respect, the study concludes that the government activities during the initiation stages should not be confused as a sign of regional interest group passivity on these issues. The activities of the interest groups during the initiation stages were primarily intended to draw attention to the problems caused by winter to regional shipping, in order to put the issue on the political agenda. As the decision-making processes proceeded into the drafting stages, the participation from regional interest groups was much more significant as the government offered interest groups forums and procedures for structural consulting through various organisational arrangements. The regional interest groups that participated in those arrangements were industrial firms in the heavy basic industries sector. In those cases other regional interest groups participated, they would promote the interests of those firms. As a result, the final drafts from committees and government bodies included arguments that favoured an expansion of ice-breaking to promote the growth of the heavy basic industries in the Norrland region. The analysis of the decision-making stages suggests that a combination of institutional factors at different administrative levels contributed to the outcome of the decision-making processes. One result is that the general aims of macro policy such as trade policy, growth policy and regional development policy were favourable towards an expansion of the government ice-breaker service, which would benefit the export industries in the Norrland region. Another result is that the sectoral organization within the government maritime bodies contributed significantly to the outcome of the decision-making processes. Large-scale planning and operational experimentation was allowed to take place within the ice-breaker service, which convinced the government that ice-breaking and winter navigation was a feasible transport alternative.

En hållbar utveckling innebär att samhällets begränsade resurser används på ett effektivt sätt med hänsyn tagen till sociala, ekonomiska och miljömässiga konsekvenser. För att uppnå önskade samhällsmål på ett effektivt sätt behöver olika aspekter vägas in vid utformning av styrmedel. Inom EU föregås beslut om regleringar av en så kallad Regleringskonsekvensbeskrivning (Regulatory Impact Assessment) där samhällsekonomisk analys ingår. Forskning och olika utredningar har visat att Sverige saknar en etablerad praxis för att genomföra denna typ av konsekvensanalyser på miljö, men även energi- och transportområdet. I detta projekt är syftet att undersöka hur Sverige arbetar med de analyser av detta slag som genomförs inom EU inför förhandlingar men också att studera orsaker till att de används eller inte används. Fokus ligger på förutsättningar inom en myndighet, men även vilken betydelse som tjänstemän har för vilka underlag som tas fram inför beslut om utformning av regleringar/styrmedel. Den övergripande slutsats som kan dras av de tre delstudierna som ingått i projektet, samt diskussionen på avslutningsseminariet, är att detta inte är ett etablerat arbetssätt i det svenska förvaltningssystemet. Detta kan förklaras av brist på kompetens, en etablerad misstro, målstyrning samt avsaknad av ett institutionellt ramverk för när och hur denna typ av bredare konsekvensanalyser ska genomföras. Vid avslutningsseminariet framkom att Naturvårdsverket nu arbetar med en vägledning för att hjälpa tjänstemän att i ett tidigt skede analysera om det finns behov av regleringar från samhällets sida, att inleda arbetet med att ställa frågan "Vad är problemet?". Vi bedömer att detta är ett steg i rätt riktning men ser också att de nationalekonomer som arbetar ute på myndigheter ofta är ensamma eller väldigt få och därmed kan behöva olika former av stöd för att kunna utveckla arbetet med denna typ av, ofta komplexa, analyser på sin myndighet. ; Sustainable development implies that society's limited resources should be used efficiently, taking into account the various impacts on society – social, economic and environmental. To achieve established societal goals efficiently, various aspects have to be accounted for in the design of policy measures. Within the EU a Regulatory Impact Assessment, where a cost-benefit analysis is included, needs to accompany all major regulatory initiatives. According to research and different policy assessment, Sweden lacks an established praxis regarding this type of analysis in the area of environmental policy but also in the field of energy and transport. The purpose of this project is to investigate how Sweden uses this type of information in the negotiations that take place within the EU regarding policy proposals but also investigate the reasons for use or non-use. The focus is on what role the organization and the bureaucrats play for the collection of this type of information. The overall conclusion that can be drawn from the three sub-studies included in the project, as well as the discussion at the closing seminar, is that this is not an established way of working in the Swedish government system. This can be explained by lack of competence, an established mistrust, management by objectives and lack of an institutional framework for when and how this type of broader impact assessment is to be conducted. At the closing seminar, the Swedish Environmental Protection Agency presented that it is now working on a guide to help officials to analyze at an early stage whether there is a need for regulation by society, to initiate the work by asking the question "What is the problem?". We think that this is a step in the right direction, but we also see that the economists working out in government are often alone or very few and may therefore need different forms of support to develop the work on this kind of, often complex, analysis.

En hållbar utveckling innebär att samhällets begränsade resurser används på ett effektivt sätt med hänsyn tagen till sociala, ekonomiska och miljömässiga konsekvenser. För att uppnå önskade samhällsmål på ett effektivt sätt behöver olika aspekter vägas in vid utformning av styrmedel. Inom EU föregås beslut om regleringar av en så kallad Regleringskonsekvensbeskrivning (Regulatory Impact Assessment) där samhällsekonomisk analys ingår. Forskning och olika utredningar har visat att Sverige saknar en etablerad praxis för att genomföra denna typ av konsekvensanalyser på miljö, men även energi- och transportområdet. I detta projekt är syftet att undersöka hur Sverige arbetar med de analyser av detta slag som genomförs inom EU inför förhandlingar men också att studera orsaker till att de används eller inte används. Fokus ligger på förutsättningar inom en myndighet, men även vilken betydelse som tjänstemän har för vilka underlag som tas fram inför beslut om utformning av regleringar/styrmedel. Den övergripande slutsats som kan dras av de tre delstudierna som ingått i projektet, samt diskussionen på avslutningsseminariet, är att detta inte är ett etablerat arbetssätt i det svenska förvaltningssystemet. Detta kan förklaras av brist på kompetens, en etablerad misstro, målstyrning samt avsaknad av ett institutionellt ramverk för när och hur denna typ av bredare konsekvensanalyser ska genomföras. Vid avslutningsseminariet framkom att Naturvårdsverket nu arbetar med en vägledning för att hjälpa tjänstemän att i ett tidigt skede analysera om det finns behov av regleringar från samhällets sida, att inleda arbetet med att ställa frågan "Vad är problemet?". Vi bedömer att detta är ett steg i rätt riktning men ser också att de nationalekonomer som arbetar ute på myndigheter ofta är ensamma eller väldigt få och därmed kan behöva olika former av stöd för att kunna utveckla arbetet med denna typ av, ofta komplexa, analyser på sin myndighet. ; Sustainable development implies that society's limited resources should be used efficiently, taking into account the various impacts on society – social, economic and environmental. To achieve established societal goals efficiently, various aspects have to be accounted for in the design of policy measures. Within the EU a Regulatory Impact Assessment, where a cost-benefit analysis is included, needs to accompany all major regulatory initiatives. According to research and different policy assessment, Sweden lacks an established praxis regarding this type of analysis in the area of environmental policy but also in the field of energy and transport. The purpose of this project is to investigate how Sweden uses this type of information in the negotiations that take place within the EU regarding policy proposals but also investigate the reasons for use or non-use. The focus is on what role the organization and the bureaucrats play for the collection of this type of information. The overall conclusion that can be drawn from the three sub-studies included in the project, as well as the discussion at the closing seminar, is that this is not an established way of working in the Swedish government system. This can be explained by lack of competence, an established mistrust, management by objectives and lack of an institutional framework for when and how this type of broader impact assessment is to be conducted. At the closing seminar, the Swedish Environmental Protection Agency presented that it is now working on a guide to help officials to analyze at an early stage whether there is a need for regulation by society, to initiate the work by asking the question "What is the problem?". We think that this is a step in the right direction, but we also see that the economists working out in government are often alone or very few and may therefore need different forms of support to develop the work on this kind of, often complex, analysis.