Environmentally induced conflicts can trigger migration. This paper analyzes the location decisions of migrants, i.e., the "sorting" of migrants into alternative destinations. We argue that this sorting depends on a variety of factors. The selection of migrants affects preferences over where to...

This paper investigates the impact of environmental factors that indicate climate change on household decisions to migrate abroad in the case of Tajikistan, an environmentally vulnerable and a labor-migrant source country in Central Asia. Both long-term climate variation (measured by weather...

The possibility of low-probability extreme events has reignited the debate over the optimal intensity and timing of climate policy. In this paper we therefore contribute to the literature by assessing the implications of low-probability extreme events on environmental policy in a continuous-time...

The paper compares the effects of market-based and command-and-control climate policies on the direction of technical change and the prevention of environmental disasters. Drawing on the model proposed in Acemoglu et al. (2012, American Economic Review), we show that market-based policies...

The paper compares the effects of market-based and command-and-control climate policies on the direction of technical change and the prevention of environmental disasters. Drawing on the model proposed in Acemoglu et al. (2012), we show that market-based policies (carbon taxes and subsidies...