Publications
The Ethiopian Commodity Exchange and spatial price dispersion
This working paper looks at the impact of an institutional intervention on market efficiency in Ethiopia. More specifically it examines whether regional warehouses that are connected to a national commodity exchange reduce transaction costs and price dispersion between regions. read more »
Asymmetric industrial energy prices and international trade
This paper measures the response of bilateral trade flows to differences in industrial energy prices across countries. Using a rich panel dataset with 42 countries, 62 manufacturing sectors over 16 … read more »
Network Economics and the Environment: Insights and Perspectives
Local interactions and network structures appear to be a prominent feature of many environmental problems. This paper discusses a wide range of issues and potential areas of application, including the … read more »
The political economy of passing climate change legislation: evidence from a survey
This paper reviews the main domestic factors that drive legislation on climate change. read more »
Irreducible uncertainty in near-term climate projections
Model simulations of the next few decades are widely used in assessments of climate change impacts and as guidance for adaptation. Their non-linear nature reveals a level of irreducible uncertainty … read more »
Consumption smoothing and the welfare cost of uncertainty
When agents are unable to smooth consumption and have distorted beliefs about the likelihood of future income realisations, uncertainty about future states of the world has a direct effect on … read more »
EU ETS, Free Allocations, and Activity Level Thresholds: The Devil Lies in the Details
It is well known that discontinuous jumps or thresholds in tax or subsidies are socially inefficient, because they create incentives to make strategic behavioral changes that lead to substantial increases … read more »
Climate and southern Africa’s water–energy–food nexus
In southern Africa, the connections between climate and the water–energy–food nexus are strong. Physical and socioeconomic exposure to climate is high in many areas and in crucial economic sectors. Spatial … read more »
Beliefs, politics, and environmental policy
This paper explores the relationship between beliefs and policy choices in relation to environmental regulation. read more »
Should climate policy account for ambiguity?
Climate change is fundamentally an `out-of-sample’ problem – our available information does not tightly constrain predictions of the consequences of rapid increases in greenhouse gas concentrations. Moreover, the fact that … read more »
