Palm oil production potentially affects environment, food security and rural development in Indonesia. However, there is little research on the welfare impacts of the production expansion. By using district level data on palm oil production and area planted and national household survey...

We develop a climate-economy model with active learning. We consider three ways of active learning: improved observations, adding observations from the past and improved theory from climate research. From the model, we find that the decision maker invests a significant amount of money in climate...

I estimate the cost of meeting the EU 2030 targets for greenhouse gas emission reduction, using statistical emulators of ten alternative models. Assuming a first-best policy implementation, I find that total and marginal costs are modest. The statistical emulators allow me to compute the risk...

This paper uses the nationally representative Albanian Living Standards Measurement Survey from 2005 to investigate the determinants of life satisfaction. In common with much of the existing empirical economics literature that models life satisfaction (or subjective well-being) this paper...

The effect of learning on climate policy is not straightforward when climate policy is concerned. It depends not only on the ways that climate feedbacks, preferences, and economic impacts are considered, but also on the ways that uncertainty and learning are introduced. Deep (or fat-tailed)...