Much of the existing literature employing the framework of controversy focuses on the science-policy interface. However a clear gap exists regarding the way(s) in which controversy may fundamentally shape the … read more »
This paper investigates very long run pre-industrial economic development. New annual GDP per capita data for six European countries over the last seven hundred years paint a clearer picture of … read more »
This working paper aims to inform the development community about the current state-of-knowledge and emerging thinking on the economics of adaptation and the application to development. read more »
This working paper looks at the impact of an institutional intervention on market efficiency in Ethiopia. More specifically it examines whether regional warehouses that are connected to a national commodity exchange reduce transaction costs and price dispersion between regions. read more »
When agents are unable to smooth consumption and have distorted beliefs about the likelihood of future income realisations, uncertainty about future states of the world has a direct effect on … read more »
This paper explores the relationship between beliefs and policy choices in relation to environmental regulation. read more »
Climate change is fundamentally an `out-of-sample’ problem – our available information does not tightly constrain predictions of the consequences of rapid increases in greenhouse gas concentrations. Moreover, the fact that … read more »
This paper proposes an innovative solution to distribute free allowances to the cement sector under emissions trading systems. read more »
This paper proposes a simple framework to evaluate the economic advantage of regulating carbon emissions by linking the emissions trading systems (ETSs) of two jurisdictions versus operating them under autarky. … read more »
Paola Sakai and Suraje Dessai The concept of resilience has been increasingly gaining relevance in the climate change policy arena as a compelling discourse for adaptation to climate change. The UK provides an important case study as the water sector has faced top-down steering from the government and regulators to ensure resilience. This paper investigates […]
