We present a theory linking political and social trust to explain trust erosion in modern societies. Individuals disagree on the seriousness of an externality problem, which leads to diverging policy opinions on how to solve it. This heterogeneity has two important effects on trust. First,...

This study has as main objective to investigate if the energy markets liberalisation, in particular natural gas and electricity, contribute to the energetic transition, led by climate change mitigation policies. More specifically, this study attempts to classify the efficiency degree associated...