A critical issue in climate-change economics is the specification of the so-called "damages function" and its … assessment of climate change when we employ a conventional quadratic damages function and/or a thin-tailed probability … targets as insurance against catastrophic climate-change temperatures and damages. These numerical examples suggest that we …

gases, especially through emission trading. Climate policies present the novel problem of integrating emissions reductions …

Religious adherence has been hard to study in part because it is hard to measure. We develop a new measure of religious … measure with traditional data, we show how it can shed light on the nature of religious adherence in Islamic societies …. Exploiting random variation in climate, we find that as economic conditions in Afghanistan worsen, people become more religiously …

National safety nets are imbedded in country-specific regulatory cultures that encompass contradictory goals of … distortions in cross-country connections between national safety nets require improvisational responses from de facto hegemonic … 2007, de facto hegemons used repurchase agreements to transfer taxpayer funds -- implicitly but in large measure -- to …

Considered as a social contract, a financial safety net imposes duties and confers rights on different sectors of the … emerge that are hard to bridge. This paper shows that nationalistic biases and leeway in principles used to measure value …