We explore how optimal emission abatement trajectories are affected by dynamic characteristics of greenhouse-gas emitting systems, such as inertia, induced innovation, and pathdependency, by formulating a compact and analytically tractable model with stylized damage assumptions to derive the...

This dissertation examines the investment risk profile and the inflation hedging characteristics of infrastructure investments using a global sample of listed infrastructure firms. The results challenge the conventional investor wisdom that infrastructure is generally low risk and a good...