This paper constitutes the introductory essay for the special issue of Climate Change Economics, edited by Malik and Smith, forthcoming in 2012, examining adaptation to climate change in low-income countries. The paper first characterizes different types of adaptations from an economic...

This paper constitutes the introductory essay for the special issue of Climate Change Economics, edited by Malik and Smith, forthcoming in 2012, examining adaptation to climate change in low-income countries. The paper first characterizes different types of adaptations from an economic...

Programs to reduce tra¢ c congestion and air pollution by restricting use of motor vehicles on working days have generally not met with success given existing studies of such programs in a number of cities. We conduct the Örst study of Quito, Ecuadorís three-year-old Pico y Placa program...

We extend existing stand-level models of forest landowner behavior in the presence of fire risk to include the level and timing of fuel management activities. These activities reduce losses if a stand ignites. Based on simulations, we find the standard result that fire risk reduces the optimal...

I examine a model of optimum enforcement in which offenders can engage in activities that reduce the probability of being caught and fined. The costs associated with these avoidance activities imply that it is not necessarily optimal to set fines for offenses as high as possible. These avoidance...

We consider the properties of a pollution tax when the regulated firm has a discrete choice of technologies with which to reduce pollution. The firm's technology choice makes possible two sequences of play: the traditional one in which the regulator moves first, committing to a tax rate before...

This paper models landowner behavior on timberland subject to damage by fire. We examine how management decisions by adjacent landowners yield outcomes that diverge from the social optimum, and consider how this divergence depends on landowner preferences and information. We conduct a numerical...