Climate change with increasing climate variability is likely to alter risks in agriculturalproduction. The effectiveness of using weather derivatives to hedge against drought risks forrain-fed grain maize production was investigated for current (1981-2003) and future (2070-2100) climates in...

Rising weather volatility poses a growing challenge to crop yields in many global breadbaskets. However, empirical evidence regarding the effects of extreme weather conditions on crop yields remains incomplete. We examine the contribution of climate and weather to winter wheat yields in Ukraine,...

This dissertation consists of three essays that apply both economic theory and econometric methods to understand design and dynamics of institutions. In particular, it studies how institutions aggregate information and deal with uncertainty and attempts to derive implications for optimal...

Unchecked anthropogenic climate change has the potential to destroy human lives and wealth on an unprecedented scale. This dissertation analyzes from an economic perspective various public policy options to correct the market failures caused by climate change.The widespread adoption of...