We test the hypothesis that real oil prices are determined in part by refinery capacity, non-linearities in supply conditions, and/or expectations and that observed changes in these variables can account for the rise in prices between 2004 and 2006. Results indicate that the refining sector...

The rapid rise in the price of crude oil between 2004 and the summer of 2006 are the subject of debate. This paper investigates the factors that might have contributed to the oil price increase in addition to demand and supply for crude oil, by expanding a model for crude oil prices to include...

By construction, the time series for radiative forcing that are used to run the 20c3m experiments, which are implemented by climate models, impart non-stationary movements (either stochastic or deterministic) to the simulated time series for global surface temperature. Here, we determine whether...

The Great Recession has prompted a reassessment of the specific mode of capitalist accumulation that achieved dominance in the era of globalization. Yet just about all of this literature has focused on one of two issues: why things went wrong, and what we need to do in order to return the system...

[fre] Une responsabilité primordiale de tout régulateur des valeurs mobilières est d'assurer l'intégrité de ses marchés. Pour remplir cette mission, il doit non seulement disposer d'un corpus de lois et de règlements équitables mais aussi pouvoir faire exécuter ces lois et ces...

We explore the welfare implications of agricultural expansion in the Brazilian Amazon by comparing spatially explicit estimates of soybean rents and the value of ecosystem services. Although these estimates are generated from different datasets, models, and estimation techniques, the values are...