Using a three-period overlapping generations economy framework, we characterize an intergenerational welfare state with endogenous education and pension under voting. We show that although politically…

A primary explanation for variation in contract structure is the extent to which contracting parties make investments specific to their transaction. Investment decisions are typically endogenous in…

India’s primary concern in the climate negotiations is to avoid having to make commitments it may come to regret. While this is a concern for all countries to some degree, it is much greater in a low…

Using data from the nearly 6000 households in the Nepal Living Standards Survey of 2010–11 we find that the mean reduction in household firewood collection associated with use of a biogas plant for…

The global community has recognized the importance of forests for biodiversity, and has prioritized the preservation of forest biodiversity and ecosystem functions through multiple multilateral…

Hotter years are associated with lower economic output in country-level data. We show that the effect of temperature on labor is an important part of the explanation. Using high-frequency micro data…

India’s food policy is in a state of flux. This is a rare moment. Food policies and their governance have enjoyed stability and continuity for many decades. Indeed, the framework for these policies…

A significant portion of the world's forests that are eligible for Reducing Emission from Deforestation and Forest Degradation, known as REDD+, payments are community managed forests. However, there…

The oil crash of 2014 is expected to have a moderate impact on the global economy with oil importers seeing a boost in growth. The long-term impacts on climate change are difficult to predict but it…

The climate sensitivity of electricity demand in India is likely to be highly sensitive to growth in income. Thus, both intensive and extensive adjustments in cooling and heating will play an…