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Asset accounting, fiscal policy and the UK’s oil and gas resources, past and future

Asset accounting, fiscal policy and the UK’s oil and gas resources, past and future

a working paper by Giles Atkinson, Kirk Hamilton  23 September, 2016

The UK has been an exception to the trend of channelling revenues arising from the depletion of subsoil assets into a resource fund. In this paper, we construct an asset … read more »

Emissions trading systems with cap adjustments

Emissions trading systems with cap adjustments

a research article by Sascha Kollenberg, Luca Taschini  15 September, 2016

Emissions Trading Systems (ETSs) with fixed caps lack provisions to address systematic imbalances in the supply and demand of permits due to changes in the state of the regulated economy. … read more »

Alessandro Tavoni

Reserves and trade jointly determine exposure to food supply shocks

a research article by Alessandro Tavoni  14 September, 2016

While a growing proportion of global food consumption is obtained through international trade, there is an ongoing debate on whether this increased reliance on trade benefits or hinders food … read more »

Luca Taschini

Emissions trading systems with cap adjustments

a working paper by Luca Taschini, Sascha Kollenberg  5 September, 2016

This working paper analyses the design of the market stability reserve proposed as part of the reform of the European Union emissions trading system. read more »


Beliefs, politics, and environmental policy

a research article by Antony Millner, Helene Ollivier  23 August, 2016

Experts and the general public often perceive environmental problems differently. Moreover, regulatory responses to environmental issues often do not coincide with consensus expert recommendations. These two facts are mutually … read more »

A bargaining experiment on heterogeneity and side deals in climate negotiations

A bargaining experiment on heterogeneity and side deals in climate negotiations

a working paper by Greer Gosnell, Alessandro Tavoni  15 August, 2016

The recent global climate change agreement in Paris leaves a wide gap between pledged and requisite emissions reductions in keeping with the commonly accepted 2°C target. A recent strand of … read more »


The endowment effect and environmental discounting

a working paper by Simon Dietz, Frank Venmans  5 August, 2016

There is a considerable body of evidence from behavioural economics and contingent valuation showing that our preferences exhibit both reference dependence and loss aversion, a.k.a. the endowment effect. In this … read more »


Carbon dating: When is it beneficial to link ETSs?

a working paper by Baran Doda, Luca Taschini  1 August, 2016

This paper proposes a simple framework to evaluate the economic advantage of regulating carbon emissions by linking the emissions trading systems (ETSs) of two jurisdictions versus operating them under autarky. … read more »


Climate change, heat stress and labour productivity: A cost methodology for city economies

a working paper by Hélia Costa, Graham Floater, Hans Hooyberghs, Stijn Verbeke, Koen De Ridder  29 July, 2016

Cities are particularly vulnerable to heat waves. Despite this, no comprehensive methodology has been developed to assess the costs of heat stress on city economies either currently or under future … read more »

How green are economists?

How green are economists?

a working paper by Stefano Carattini, Alessandro Tavoni  28 July, 2016

The market for voluntary carbon offsets has grown steadily in the last decade, yet it remains a very small niche. While 10% of greenhouse gas emissions generated by transportation are … read more »

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