We focus on the optimal timing of climate change mitigation policies, a decision which is complicated by multiple sources of irreversibility or inertia. The pertinence of Real Option Theory in understanding the optimal amount of necessary precautionary behavior is explored, as are the results...

We experimentally examine the effect of self-serving information avoidance on democratic and individual decisions in the context of climate change mitigation. Subjects need to choose between two allocations which differ in own payoffs and contributions to carbon offsets. In a between-subjects...

Quantity-based regulation with banking allows regulated firms to shift obligations across time in response to periods of unexpectedly high or low marginal costs. Despite its wide prevalence in existing and proposed emission trading programs, banking has received limited attention in past welfare...