This paper analyzes the relationship between private investment incentives and the speed at which information regarding investment becomes public. In a developed country context, public information plays a limited role in creating investment incentives. However, in an environment of rapid...

In many markets, firms are able to conduct discriminatory strategies based on whether a customer prefers a competitors' product or their own. This article considers the impact of such discrimination in duopoly models in which firms set prices and conduct precontract-customization efforts for...

The two main flavours of integrated climate change assessment (formal cost benefit analysis and the precautionary approach to assessing dangerous anthropogenic interference with the climate system) also reflect the major controversies in applying climate policy. In this assessment, we present an...

Asian and global agriculture will be under significant pressure to meet the demands of rising populations, using finite and often degraded soil and water resources that are predicted to be further stressed by the impacts of climate change. In addition, agriculture and land use change are...

Asian and global agriculture will be under significant pressure to meet the demands of rising populations, using finite and often degraded soil and water resources that are predicted to be further stressed by the impacts of climate change. In addition, agriculture and land use change are...

Consideration of how to respond to climate change frequently turns upon the evaluation of the undesirable consequences of some possible effect of that change. For coastal property, for example, sea level rise might inundate homes or cause salt water to intrude on sources of fresh water. In the...

The paper is in two parts. The first is a fable starring Ripley Van Winkle, an eminent Scientist; and, the Nation’s Leader, who needs no introduction. “Rip” is disturbed about the nature and direction of current climate policy and wants to know why people are ignoring the naked truth about...

It is well-known that the discount rate is crucially important for estimating the social cost of carbon, a standard indicator for the seriousness of climate change and desirable level of climate policy. The Ramsey equation for the discount rate has three components: the pure rate of time...