Recent theoretical developments show the conditions under which it is cost-effective for the regulator to induce perfect compliance in cap-and-trade programs. These conditions are based on the ability…

This paper studies the evolution of wealth inequality in an economy with endogenous borrowing constraints. In the model economy, young agents need to borrow to finance human capital investments but…

Global ecosystem services are clearly threatened by deforestation associated with human occupation and economic development of the Brazilian Amazon. However, the prognosis for the socioeconomic…

In this study, we measure the value of sanitary restrictions in terms of forgone profits. For this, we model the short-run trade-off between biosecurity and profits in the aquaculture industry…

Strengthening the planning of hydrological resources to optimize the use ofwater in agriculture is a key adaptation measure of the Chilean agricultural sector to cope with future climate change. To…

Most evaluations of the effectiveness of PAs have relied on indirect estimates based on comparisons between protected and unprotected areas. Such methods can be biased when protection is not randomly…

The paper provides an overview of the papers included in this special issue, and presents thoughts about New Frontiers of Forest Economics. The paper argues that science does not mean analysis alone…

The essence of environmental social governance is the simultaneous involvement of individuals and organizations in multiple ways to manage environmental common affairs. Good governance requires the…

To move China's climate policy forward, improved analyses of climate impacts on economic sectors using rigorous methodology and high quality data are called for. We develop an empirical framework…