The lowering of trade barriers under the successive reforms of the pillar I of the Common Agricultural Policy, the opening of the commodity markets to an ever greater number of financial actors and the uncertainty created by climate change, amplify both production risk and market risks for...

This paper measures the response of bilateral trade flows to differences in industrial energy prices across countries. Using a panel for the period 1996-2011 including 42 countries, 62 sectors and covering 60% of global merchandise trade, we estimate the short-run effects of sector-level energy...

This article explores the principles that should guide efforts to raise finance for climate action in developing countries. The main conclusions are that, first, there is an important role for private finance, which would be facilitated by having pervasive and broadly uniform emissions pricing...

Geoengineering can be defined as the technologies that aim to deliberately alter geophysical mechanisms in order to alleviate the impacts of climate change. It has received increasing attention by economists and the public but remains deeply controversial. This paper studies the potential...

It is commonly believed that large energy efficiency gaps exist in the energy-using durables markets. We develop a broad analytical framework capturing consumer purchase behavior and suppliers� pricing and innovation decisions to estimate the effect of household electricity price variations...

The rationale for international agreements on climate change mitigation comes from the global scope of impacts irrespective of the location of greenhouse gas (GHG) emissions. By contrast one of the motivations for national commitments to such agreements, and for national adaptation planning, is...

Land tenure security has long been touted as key to increased performance of the agricultural sector in developing countries. This paper utilizes household level panel data to analyse the impact of a land certification program on farmers� off-farm participation and activity choices in the...

Tropical deforestation accounts for almost one-�fth of greenhouse gas emissions worldwide and threatens the world�s most diverse ecosystems. The prevalence of illegal forest extraction in the tropics suggests that understanding the incentives of local bureaucrats and politicians who...

While state-of-the-art models of the Earth�s climate system have improved tremendously over the last twenty years, nontrivial structural flaws still hinder their ability to forecast the decadal dynamics of the Earth system realistically. Contrasting the skill of those models not only with...

Logical structures for modeling agents� reasoning about unawareness are presented where it can hold simultaneously that: (i) agents� beliefs about whether they are fully aware need not be veracious with partitional information; and (ii) the agent is fully aware if and only if she is...