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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 ...
Roman Roads to Prosperity: Persistence and Non-Persistence of Public Goods Provision
(2018-02)
How persistent is public goods provision in a comparative perspective? We explore the link between infrastructure investments made during antiquity and the presence of infrastructure today, as well as the link between early ...