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The Organization of the Petroleum-Exporting Countries (OPEC) faces a perfect storm. It is squeezed between the … the face of these challenges, media commentators have declared the death of OPEC as a cartel. This perspective argues that … the claims about OPEC’s demise are misguided for four reasons: (1) OPEC never acted as a cartel, let alone a powerful one …
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The market for voluntary carbon offsets has grown steadily in the last decade, yet it remains a very small niche. Most emissions from business travel are still not offset. This paper exploits a unique dataset examining the decision to purchase carbon offsets at two academic conferences in...
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The economic prescription for climate change is clear: price carbon dioxide (CO2) and other greenhouse gas emissions to internalize climate damages. In practice, a variety of political economy constraints prevent the introduction of a carbon price equal to the full social cost of emissions. This...
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