The problem is that this machinery—we call it the revealed-preference machinery for benefit-cost analysis—assumes that consumers act in their own best interest. If I’m willing to pay $5 to drive over a bridge, that’s $...
We compare the performance of four types of support schemes aimed at improving residential energy efficiency in France: the income tax credit, a grant sche
Due to the continuous progress of constructing sustainable environments in China, the role played by the Chinese central government as the main body for promoting green development is worth studying. Because China’s ecological civilization building has
Our starting point, grounded in the literature, is that having a positive impact on sustainability outcomes in the real economy requires financial institutions’ actions, directly or indirectly, to: reduce (increase) the cost of capital for firms’ (un)sustainable activities; increase (reduce) their...
They were then presented with a choice to wait (for an unspecified period of time) if they wanted to find out more about the book. A wait time between 3 and 6 s was imposed if they chose “yes”, such that seeking information about the book was associated with a temporal cost (...
Motivated by structure we find in the data, we further extend Moore's law to allow for the possibility that changes in price are positively autocorrelated in time. We assume that the logarithm of the cost follows a random walk with drift and autocorrelated noise, more specifically an Integrated...
Thus, when fuel cost PSM is high due to some combination of low fuel efficiency and high fuel prices, airlines conserve fuel usage through lower aircraft utilization. Like the first regression, this one uses aircraft-type, airline, and year fixed effects, so that the negative utilization effect...
(FD), foreign investment (FI) and communication technology development (ID);μiis the urban fixed effect, controlling the urban characteristic factors that do not change with time;γγtis the year fixed effect, which is used to control the urban fixed effect of urban heterogeneity;εi,tis the...
Urbanization and climate change are contributing to severe flooding globally, damaging infrastructure, disrupting economies, and undermining human well-being. Approaches to make cities more resilient to floods are emerging, notably with the design of flood-resilient structures, but relatively little is kno...
We test whether the co-residence of older parents with their adult children of reproductive age increases the chance of them forming a multichild family. U