We show that adaptive measures undertaken by countries in the face of climate change, apart from directly reducing the damage caused by climate change, may also indirectly mitigate greenhouse gas emissions by increasing the stable size of international agreements on emission reductions....

We show that a technological breakthrough that reduces CO2 emissions per output can exacerbate the climate change problem: countries may respond by raising their emissions resulting in an increase of the stock of pollution that may reduce welfare. Using parameter values based on empirical...

Irregular migration became an alarming issue over the last decade for both developed and developing countries. A prevailing assumption in migration policy is that labor market and institutional characteristics play a crucial role in pushing people to leave their home countries in search for...

We propose a generic oligopsony-oligopoly model to study bank behavior under uncertainty in developing countries. We derive a pricing structure that acknowledges market power in both the deposit and loan markets and identify two theoretical components to the loan rate: a rent extraction...

This paper uses the 2013 World Value Survey, as well as the 2016 and 2018 waves of the Arab Barometer, to analyze the dynamics of trust in public institutions in Lebanon. It finds strong evidence that confidence in most public institutions has decreased between 2013 and 2016. The evidence of...

This paper provides new evidence on the determinants of domestic workers' employment using a unique micro-level dataset on Lebanese households drawn from the National Household Budget Survey (2005) conducted by Central Administration of Statistics (CAS). Controlling for household, household...

Irregular migration became an alarming issue over the last decade for both developed and developing countries. A prevailing assumption in migration policy is that labor market and institutional characteristics play a crucial role in pushing people to leave their home countries in search for...

This paper studies the determinants of youth emigration decisions, which is considered to be one of the main causes of 'Brain Drain' in Arab Mediterranean Countries (AMCs). We focus on the case of Lebanon using a unique dataset covering young people aged 15 to 29 from the year 2016. The aim of...

This paper examines a dynamic game of exploitation of a common pool of some renewable asset by agents that sell the result of their exploitation on an oligopolistic market. A Markov Perfect Nash Equilibrium of the game is used to analyze the effects of a merger of a subset of the agents. We...

We show that OPEC’s market power contributes to global warming by enabling producers of relatively expensive and dirty oil to start producing before OPEC reserves are depleted. We fully characterize the equilibrium of a cartel-fringe model and use a calibration to examine the importance of...