Environmental amenity-driven migration presents a double-edged sword to policy makers concerned with both economic and ecological sustainability. Clearly the protection of environmental amenities is important, but what is the right balance between ecosystem protection and regional economic...

Economic analysis of optimal ecosystem management in the presence of a threshold has typically ignored the potential for induced behavioral responses. This paper contributes to the literature on non-convex ecosystem management by considering the implications of a particular behavioral response...

In the presence of sentiment fluctuations, arbitrageurs may engage in different strategies leading to dispersed sentiment exposures. We find that hedge funds in the top decile ranked by sentiment beta outperform those in the bottom decile by 0.59% per month on a risk-adjusted basis, with the...