This paper investigates how the devolution of oil windfalls affects the likelihood of political violence. It shows that transferring large shares of oil wealth can prevent conflict, while transferring small shares can trigger it. Among the different transfer schemes, fiscal transfers (to...

The last decade has witnessed an increasing global awareness of human impact on the planet's climate and its likely consequences. However, strategic and structural complexities hinder further compliance and participation in efforts to establish a global agreement for climate change mitigation....