We analyse a delegation problem in the context of international climate policy. Principals in two countries first decide whether to merge domestic emission permit markets to an international market, then…
In a general equilibrium model with two periods and a finite fossil resource, I analyze the non-cooperative climate policies of symmetric countries that are in competition for mobile factors of production…
The Paris Agreement establishes a mechanism which allows a Party to benefit from greenhouse gas emissions reductions conducted in a host Party to fulfil its nationally determined contribution. In this context,…
Welfare programs are important in terms of reducing poverty, although they create incentives for recipients to maximize their income by either reducing their labor supply or manipulating their taxable income. In…
When several two-sided matching markets merge into one, it is inevitable that some agents will become worse off if the matching mechanism used is stable. I formalize this observation by defining the…
This paper studies the reduced-form effects of constitutional-level balanced budget rules (BBRs) on scal outcomes. Using historical data for a large set of countries dating back to the nineteenth …
The causes and consequences of the intergenerational persistence of inequality are a topic of great interest among various fields in economics. However, until now, issues of data availability have restricted a…
