Concerns about climate change are growing, and so is the demand for information about the costs and benefits of mitigating greenhouse gas emissions. This paper seeks to estimate the benefits of climate change mitigation, as measured by the public’s willingness to pay for such policies. We...

This paper analyses the role of ratification quotas in multilateral agreements over emission reduction. The higher is the quota, the lower is the level of emissions in case the agreement comes into force, but the higher is also the risk of failure. In a setting with incomplete information, two...

Within an activity-based framework, the hypothesis that carpooling imposes a constraint on the way individuals organize their activities was tested, with resulting impacts on traffic peak congestion and trip-chaining behavior. The hypothesis was tested by estimating the joint probability density...

This paper examines the effect of carbon risk on firm performance, exploiting the Australia ratification of Kyoto Protocol in December 2007 as an exogenous shock. The paper finds that polluters, firms in highest-emitting industries, experience a reduction in financial performance relative to...