In this paper the impact of a policy change on the investment behavior of the firm is studied in an asymmetric information setting. The policy change occurs when a stochastic process describing the state of the economic environment reaches a certain trigger. Asymmetric information is modeled here by imposing that the firm does not know this trigger but only its probability distribution. Consequ...

T he holiday season here in the United States was ushered in by a long-awaited report, heralded as laying out the administration's research agenda for climate change. It should interest those in the United States who may have been expecting something meaningful from their government, along with those in Europe and elsewhere who have come to expect disappointment. The draft strategic plan for th...

Of course, from childhood to forever, we are always thought to love reading. It is not only reading the lesson book but also reading everything good is the choice of getting new inspirations. Religion, sciences, politics, social, literature, and fictions will enrich you for not only one aspect. Having more aspects to know and understand will lead you become someone more precious. Yea, becoming ...

Climate change poses real and immediate impacts to the public health of populations around the globe. Adverse impacts are expected to continue throughout the century. Emphasizing co-benefits of climate action for health, combining adaptation and mitigation efforts, and increasing interagency coordination can effectively address both public health and climate change challenges.

Executive Summary This Environmental and Climate Change Policy Brief has been written as an input to the Poverty and Development Assessment that Sida is undertaking as part of the preparation of a revised Swedish cooperation strategy with Zambia. It aims at briefly presenting key environmental sustainability challenges and opportunities (including climate change and disaster risk reduction) in ...

Economists often point to Pigouvian taxes and cap & trade programs as the preferred policy tools for reducing greenhouse gases. In contrast, policymakers have relied on measures that either explicitly or implicitly subsidize low carbon fuels. We simulate a transportation-sector cap & trade program (CAT) and three policies currently in use: ethanol subsidies, a renewable fuel standard (RFS), and...

This paper calls for a more critical analysis of implicit social values in time-based projections transformative change climate policy developing countries. The argues that tr...