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Emissions Trading Subject to Kantian Preferences
(2018-01)
We study a cap-and-trade market equilibrium where different regions belonging to an emissions trading regime have different ambitions about the stringency of the cap. Specifically, we introduce a segment of consumers with ...
Environmental investment decisions: experimental evidence of team versus individual decision making
(2018-01)
We study experimentally how investment decisions are affected by equally stringent but different policy regime treatments and how differences depend on whether decisions are made individually or in groups. In our experiment, ...
Fiscal Federalism, Interjurisdictional Externalities and Overlapping Policies
(University of Gothenburg, 2018-09)
In this paper, we analyze the effects of the interaction between national and local policies designed to reduce an environmental externality that causes environmental damages both nationally and locally. We formulate a ...