The deployment of renewable energy is crucial to the achieving of global climate goals outlined in the Paris Agreement. Many countries have adopted industrial policies designed to promote the growth of new industries for manufacturing renewable energy equipment. However, such policies may...

This paper takes the special features of land seriously, and study the efficient design of its property rights against the backdrop of social security. In particular, we explain why (i) tenure insecurity and (ii) restrictions on the right to transfer, two features that are often frown upon by...