investment behaviour is to anticipate the implementation of a climate policy by roughly 10 years. Investing in innovation ahead …. This is especially relevant for China, whose recent and foreseeable trends of investments in innovation are consistent with …

This paper studies the costs and benefits of delegating decisions to superiorly informed agents relative to the use of … play then an important role in determining the costs of delegation. The main focus of the paper lies indeed in the analysis … of these costs and the consequences for whether or not delegation is optimal.We determine and characterize the properties …

This paper studies collective contests with endogenous cost sharing, general effort costs and intra-group heterogeneity …

emissions. In the near-term, R&D investments, either by government or the private sector, can bring down the costs of these … technologies under uncertainty. Specifically, given two technologies, one with lower costs at present, but the other with greater …

equations, trade is more sensitive to trade costs if the exporting country only provides a small share of the destination … country's imports. As a result, trade costs have a heterogeneous impact across country pairs, with some trade flows predicted …