We critically evaluate the empirical basis for the so-called resource curse and find that, despite the topic's popularity in economics and political science research, this apparent paradox is a red herring. The most commonly used measure of 'resource abundance' can be more usefully interpreted...

This paper focuses on modelling and estimating the starting point bias in closed-ended follow-up questions, where several bids are presented successively, depending on previous answers. Although the contingent valuation literature took off in the last decade, there is only one study modelling...

With contributions by David Campbell, Chris Carter, Barry Gamble, John Hibbs, Bob Lee, John Meadowcroft, Julian Morris, Richard D. North, Sean Rickard, Aileen Stockdale amp; Paul Withrington.The book charts the development of the new rural economy and considers whether government policy has kept...

This paper shows that, for dynamic optimizing economies with different types of natural resource, environmental, and human-made capital stocks, a necessary and sufficient condition for permanently sustaining an optimal utility/consumption level is the stationarity of the current-value...

We propose a model that explains the choice behavior of small and medium sized enterprises (SMEs) with respect to price risk management instruments, one of them being futures contracts. We relate the key components of the model to characteristics of SMEs, in this way explaining differences...

The horror of India's urban spaces cannot be understood without recognizing the core errors in planning and in the approach of infrastructural development. These stem mainly from the low FSI's that are used, the lack of any recognition of central place needs of different economic activities, the...

The paper provides conceptual insights and in-depth analysis of the dynamics of the oil resource curse on the political economy of Nigeria. Using a combination of the resource curse and structural transformation theories, we highlight the perverse connections between oil dependence and weak...

The commercialization of air taxis and autonomous passenger drones will one day congest urban airspace. Operators expect that, once flights are autonomous and the cost of service falls, high traffic urban “vertiports” could see hundreds of air taxi takeoffs and landings per hour. Low...

How to motivate individual consumers to engage in consumption activities that contribute to sustainable development through action-taking education programs? This is the question this conceptual paper attempts to address. This paper proposes a definition of sustainable consumer behavior and...

We produce novel empirical evidence on the relevance of temperature volatility shocks for the dynamics of macro aggregates and asset prices. Using two centuries of UK temperature data, we document that the relationship between temperature volatility and the macroeconomy varies over time. First,...