This paper aims to estimate the short-run impacts of air travel reductions due to COVID-19, and explores the potential for policy measures to curb demand and reduce carbon dioxide emissions beyond the lifetime of the pandemic with minimal impacts on welfare. Read more
To provide analysis that could give guidance on the effects of revenue decoupling in the electricity sector, the authors of this paper developed a simple model that allows them to assess the welfare implications of revenue decoupling, which they investigated for each American state. Read more
When agents are unable to smooth consumption and have distorted beliefs about the likelihood of future income realisations, uncertainty about... Read more
"One of the most controversial issues in climate change economics and policy could be resolved by a novel method put forward in a new journal paper by researchers from the ESRC Centre for Climate Change Economics and Policy, at the London School of Economics and Political Science, and Columbia University, New York". Read more
Journal of Environmental Economics and Management. Recent theoretical work in the economics of climate change has suggested that climate policy is highly sensitive to ‘fat-tailed’ risks of catastrophic outcomes (Weitzman, 2009). Read more
Abstract To what extent does economic analysis of climate change depend on low-probability, high-impact events? This question has received a... Read more