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-consistent policy rules that implement the stochastic first best as long as a future market exists. We apply our theory to carbon …
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Environmental regulations and their enforcement play a critical role in reducing emissions and their devastating effects on humanity and the environment. However, many developing countries have large informal sectors-accounting for more than 70 percent of total employment, that operate outside...
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Environmental regulations and their enforcement play a critical role in reducing emissions and their devastating effects on humanity and the environment. However, many developing countries have large informal sectors - accounting for more than 70 percent of total employment, that operate outside...
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Research spanning several disciplines has repeatedly documented disproportionate pollution exposure among the poor and communities of color. Among the various proposed causes of this pattern, those that have received the most attention are income inequality, discrimination, and firm costs (of...
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