This paper investigates the impact of adaptation on a country's incentive to participate in emission-reducing International Environmental Agreements (IEAs) on climate change. We develop a framework where heterogeneity across countries is introduced with respect to the benefits and costs of both...

In this paper, we give the extensions of Peng's g-expectations which are called generalized Peng's g-expectations and investigate their related properties. Furthermore, we prove the stability theorem of generalized Peng's g-expectations.

Although there is a rich literature on internal temporary migration in China, few existing studies deal with the permanent migration decision of China's rural labor. This paper will fill this gap and deal with the permanent migration choice made by rural migrants with the China General Social...