The sharp oil price increases of the 1970s, and the consequent balance-of-payments difficulties, encouraged many oil-importing developing countries to develop and exploit their indigenous energy resources. Today, several developing countries with commercially attractive reserves of natural gas...

Faced with divergent opinions among consumers on the use of genetically modified (GM) foods, Canada has adopted a voluntary labelling approach for non-GM foods, whereas the European Union has a mandatory labelling policy for GM foods. Interestingly, both labelling systems have resulted in very...

The effects of both habit formation and status concerns are analyzed within a model with short-lived households and a long-lived public good, environmental quality. Status seeking induces households to raise consumption of goods and leisure, and pollution, and to lower environmental quality....