Researchers have utilized the fact that many states have term limits (as opposed to being eligible for re-election) for governors to determine how changes in electoral incentives alter state regulatory agency behavior. This paper asks whether these impacts spill over into private sector...

In this review we synthetize the existing contributions that use econometric approaches to examine the influence of institutions and governance on environmental policy, environmental outcomes, and investments. The paper describes how the relationship between institutions and various response...

We describe a "business as usual" (BAU) economy in which pollution is a by-product of productive activity by the current generation but "damages" production for future generations. Over time, conditions in the BAU economy become dire: it gets increasingly polluted, consumption falls and...

Recent political developments and academic debate indicate that future political commitment to the protection of natural resources is uncertain. This political uncertainty is particularly problematic when the danger of irreversible damage such as the extinction of species looms. Accordingly,...