This paper investigates how child labor and schooling are responsive to opportunities to work, in particular to opportunities provided by children’s own parents. The paper demonstrates that after controlling for household, parental, regional, and child characteristics, children whose...

Disagreement over the form of regulation of greenhouse gasses motivates a comparison of market based and command and control policies. More efficient policies can increase aggregate marginal abatement cost, resulting in higher emissions. Multiple investment equilibria and “regulatory...

We imbed a classic fishery model, where the optimal policy follows a Most Rapid Approach Path to a steady state, into an overlapping generations setting. The current generation discounts future generations’ utility flows at a rate possibly different from the pure rate of time preference...