Growing empirical evidence points to the importance of social norms for achieving sustainable use of common pool resources (CPR). Social norms can facilitate the cooperation and collective action needed to sustainable share a common resource. With global change, however, the social and...

A model is introduced for the description of natural resources�price paths, which, in contrast to the existing literature, captures non-linear trends by means of a simple trigonometric function. This model is then compared by means of a set of model selection criteria with a quadratic trend...

This paper proposes a general way to conceive public policy when there is noconsensual account of the situation of interest. The approach builds on an extension and dual formulation of the traditional theory of economic policy. It does not need a representative policymaker�s utility...

No abstract is available.

We examine the driving forces behind farmers� decisions to adapt to climate change, and the impact of adaptation on farmers� food production. We investigate whether there are differences in the food production functions of farm households that adapted and those that did not adapt. We...

Private sector engagement, particularly in relation to public policy based action and strategy, has become a buzz word in most policy areas, but this is often accompanied by a lack of clarity on roles and responsibilities between public and private sector. We investigate this for the new United...

Emissions trading markets have been touted as the most efficient mechanism to achieve environmental goals at least cost. Whether in the form of voluntary markets or in a mandatory framework like in the first phase of the European Union (EU) Emission Trading Scheme (ETS), the regulator sets a cap...

When industry compensation is offered to prevent relocation of regulated firms, efficiency requires that payments be distributed across firms so as to equalize marginal relocation probabilities, weighted by the damage caused by relocation. We formalize this fundamental economic logic and apply...

A growing paradigm of �engaging the private sector� is noticeable in all areas of climate risk management and adaptation. However, there is limited empirical investigation into what action companies are taking and what impact this may have on their own resilience as well as on...

To slow or not to slow� (Nordhaus, 1991) was the first economic appraisal of greenhouse gas emissions abatement and founded a large literature on a topic of great, worldwide importance. In this paper we offer our assessment of the original article and trace its legacy, in particular...