We translate Hotelling's continuous-time, exhaustible resource extraction Model of 1931 into a linear program of present value extraction cost minimization subject to a stock endowment and period by period demand constraints. The appropriate form of the demand constraints allows for resource...

This study examines paper-level metrics in the literature on topics related to environmental, social and governance (ESG) to provide a research agenda for hotspots and trends. Based on 755 papers on ESG in the Web of Science Core Collection database from 2004 to 2021, we use VOSviewer and...

The sudden emergence of epidemics, such as COVID-19, entails economic and social challenges requiring immediate attention from policy makers. An essential building block in implementing mitigation policies (e.g., lockdowns, testing, and vaccination) is the identification of potential hotspots,...

"Continually recognized as one of the "hottest" of all the world's biodiversity hotspots, the island of Madagascar has become ground zero for the most intensive market-based conservation interventions on Earth. This book is about the roll out of market conservation programs, including finding...

The vast literature on earnings inequality has so far largely ignored the role played by hours of work. This paper argues that in order to understand earnings dispersion we need to consider not only the dispersion of hourly wages but also inequality in hours worked as well as the correlation...

We decompose earnings risk into contributions from hours and wage shocks. To distinguish between hours shocks, modeled as innovations to the marginal disutility of work, and labor supply reactions to wage shocks, we formulate a life‐cycle model of consumption and labor supply. For estimation,...