We study to what extent consumers forego personal gains to avoid or reduce the harm their choices impose on others. In the absence of regulation, such voluntary compensation provides a way for consumers to internalize negative externalities on their own. However, the tangibility of consumption...

The Paris Agreement aims at limiting the global average temperature increase to well below 2°C above preindustrial levels. A key component of the agreement are "nationally determined contributions" (NDC). For this, non-state actors such as civil society groups, economic actors, and subnational...

Answerable only to the courts that have the sole authority to grant or withhold the right to practice law, lawyers operate under a system of self-regulation. The self-regulated legal profession staunchly resists external interference from the legislative and administrative branches of...