A central question in the analysis of fuel-economy policy is whether consumers are myopic with regards to future fuel costs. We provide the first evidence on consumer valuation of fuel economy from a natural experiment. We examine the short-run equilibrium effects of an exogenous restatement of...

We use unique data on 2,466 oil extraction agreements in 38 countries to study contracts between resource-rich countries and independent oil companies. We analyze why expropriations occur and what determines the degree of oil price exposure of host countries. With asymmetric information about a...

Previous research shows that humans display complexity aversion. In this article, we test for the presence of complexity aversion and its determinants in the context of voluntary climate action, where individual choices interact with the complex regulatory framework of the EU Emission Trading...