In international forums discussing ways to address climate change, carbon tax has been proposed as a policy instrument to mitigate greenhouse gas emissions. The cost of implementation of the policy, however, may be distributed differently across different sections of the society. Existing...

Abiotic stresses such as droughts and floods significantly constrain rice production in India. New stress-tolerant technologies have the potential to reduce yield variability and help insulate farmers from the risks posed by these hazards. This study aims to explore the potential adoption of...

Using a vertically differentiated product model, this paper examines welfare implications of various government policies in a situation where consumers are environmentally discerning. It studies ad valorem taxes/subsidies and emission taxes. The optimal policy depends on the magnitude of damage...