The frequency and intensity of extreme weather events are likely to increase as climate change unravels. Although there is a large literature documenting detrimental effects on economic activity, there is a lack of evidence on firms' responses to temperature extremes, particularly how their...

In 2000, the city of Bogotá, Colombia embarked on a grand land use and transportation system experiment. The transformation of Bogotá included building the TransMilenio Bus Rapid Transit (BRT) system, a city-wide system that offers speed and convenience similar to that of an underground metro....

The potential of taxation to correcting environmental externalities has been long recognized among economists. Yet, this welfare-enhancing policy commonly faces strong opposition by citizens. Conversely, externality-correcting subsidies frequently enjoy high levels of public acceptance. We...