This paper looks at the links between inequality of opportunity and views about the underlying processes that support economic success or failure. Unlike income inequality, inequality of opportunity isolates the extent to which inequality in circumstances beyond an individual's control...

Carbon leakage provides an efficiency argument for unilateral climate policy to differentiate emission prices in favor of emission-intensive and trade-exposed sectors. At the same time, differential emission pricing can be (mis-)used as a beggar-thy-neighbor policy to exploit terms of trade....