This paper examines the impact of electoral cycles and the introduction of Reducing Emissions from Deforestation and Degradation (REDD+) policy upon the holding of small-scale mining property rights in Guyana. Mining is both the major cause of deforestation and the main economic activity in the...

The invention of a new ICT, the printing press, may have been a fundamental turning point in knowledge transition. But did Gutenberg�s printing press succeed in Europe because of, or despite of, government intervention? To answer the question, this paper endeavours to make a comparative...

Cooperation between countries is required to overcome major societal problems, such as climate change. However, rational logic dictates that individual countries are incentivised not to act, instead preferring to �free ride� on the efforts of others. It is possible to imagine a...

This paper measures the response of bilateral trade flows to differences in industrial energy prices across countries. Using a panel for the period 1996-2011 including 42 countries, 62 sectors and covering 60% of global merchandise trade, we estimate the short-run effects of sector-level energy...

It is commonly believed that large energy efficiency gaps exist in the energy-using durables markets. We develop a broad analytical framework capturing consumer purchase behavior and suppliers� pricing and innovation decisions to estimate the effect of household electricity price variations...

What is the optimal instrument design and choice for a regulator attempting to control emissions by private agents in face of uncertainty arising from business cycles? In applying Weitzman�s result [Prices vs. quantities, Review of Economic Studies, 41 (1974), 477-491] to the problem of...

Climate policy required that much of the world�s reserves of fossil fuels remain unburned. This paper makes the case for implementing this directly through policy to close the global coal industry. Coal is singled out because of its high emissions intensity, low rents per unit value, local...

It is widely acknowledged that introducing a price on carbon represents a crucial precondition for filling the current gap in low-carbon investment. However, as this paper argues, carbon pricing in itself may not be sufficient. This is due to the existence of market failures in the process of...

Flooding is the largest natural disaster risk in England and it is expected to rise even further as we experience a changing climate and continue putting more people and property in harm�s way. Managing this growing flood risk requires a broad portfolio of measures to reduce the probability...