This paper uses a mechanism design approach to study the biodiversity improvement in a territory, where the government is the principal and the landholders are the agents. In particular, I analyze an optimal mechanism that considers multidimensional messages which includes both the biodiversity...

We examine how an extreme climate event affects the incentives of regulators to invest in adaptation measures that reduce the impact on firms production costs, and how this investment affects environmental policy and firms incentives to invest in abatement. Different government agencies...