The economic prescription for climate change is clear: price carbon dioxide (CO2) and other greenhouse gas emissions to internalize climate damages. In practice, a variety of political economy constraints prevent the introduction of a carbon price equal to the full social cost of emissions. This...

Management practices matter for firm performance. As energy is one input in firm production, management practices may interact with energy use. Using a comprehensive firm-level database covering 31 countries, this study documents the link between structured management practices, energy use, and...